Brown Harris Stevens Acquires Multifamily Property In Ridgewood For $4.75M

Located in Ridgewood, the multifamily property at 20-35 Gates Ave. recently changed hands in a closed transaction. The deal was facilitated by Baruch Edlekopf and Joseph Rosenfeld from Schuckman Realty, representing the seller, and Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens, serving as the buyer's representative.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,750,000
• Date: 02/09/2022
• Address: 20-35 Gates Ave.
• Market: Ridgewood
• Units: 8
• Price per Unit (PPU): $593,750
• Square Footage (SF): 5,600
• Price per Square Foot (PPSF): $848

This significant transaction involved the sale of an 8-unit multifamily property with a total square footage of 5,600. The property was sold for $4,750,000, translating to a price per unit of $593,750 and a price per square foot of $848. This successful deal was made possible by the seller's representatives, Baruch Edlekopf and Joseph Rosenfeld from Schuckman Realty, and the buyer's representative, Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens.