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Carter Martin Acquires Ridgewood Multifamily Property For $4.75M

Property Image
SOLD
$4,750,000
CM
PC

New York

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MultiFamily5,594 SF
Sold 02/10/2022
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Property Image
SOLD

Carter Martin Acquires Ridgewood Multifamily Property For $4.75M

2035 Gates Avenue, Queens, New York 11385, United States

See Similar Deals
MultiFamily5,594 SF
Sold 02/10/2022
CM
PC
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$849
Total Square Footage:5,594 SF
Transaction Type:Sale

A multifamily property located at 2035 Gates Avenue in Ridgewood, Queens has been sold for a price of $4,750,000. The property has a building square footage (BSF) of 5,484, with a price per BSF (PPBSF) of $866. The total square footage (SF) of the property is 5,594, and the price per square foot (PPSF) is $849. The lot size is 2,742 square feet, and the property's lot dimensions are 27.42 ft x 100 ft. The last recorded sale of the property took place on March 14, 2018, for a price of $2,275,000. An alteration permit was issued on August 9, 2018 for the property.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $4,750,000
  • Market: Ridgewood, Queens
  • Zoning: R6B

The buyer of the property is Carter Martin, while the seller is Paul Daniel Conway. The property has a floor area ratio (FAR) of 2.04 and falls under tax class 2A.

Players

PC
Paul Conway
5 deals$16.2M volume(312) 881-7020
BROKER
CM
Carlyle Group
Carter Martin
28 deals$146M volume
BUYER

Details

SOLD
IMAGE: 02/10/2022 ADDRESS: 2035 Gates Avenue MARKET: Ridgewood, Queens ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Carter Martin SELLER: Paul Daniel Conway PRICE: $4,750,000 BSF: 5,484 ~ PPBSF: $866 SF: 5,594 ~ PPSF: $849 FAR: 2.04 TAX CLASS: 2A LOT SIZE: 2,742 LAST SALE PRICE: $2,275,000 (3/14/2018) PERMITS: Alteration 1 (08/09/2018) LOT DIMENSION: 27.42 ft x 100 ft

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