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Daniel Spivak Acquires Multifamily Property From Dodd Family For $1.2M In Ridgewood Queens

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SOLD
$1,200,000

New York

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MultiFamily2,900 SF
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SOLD

Daniel Spivak Acquires Multifamily Property From Dodd Family For $1.2M In Ridgewood Queens

4 79 Woodward Avenue

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MultiFamily2,900 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$413
Total Square Footage:2,900 SF
Transaction Type:Sale

The asset involved in this transaction is a MultiFamily property located at 4-79 Woodward Avenue, Ridgewood, Queens. The sale was completed for $1,200,000, consisting of 4 units within a total square footage of 2,900. The price per unit is $300,000 and the price per square foot is $413.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,200,000
  • Units: 4
  • Price per Unit: $300,000
  • Square Footage: 2,900
  • Price per Square Foot: $413
  • Buyer: Daniel Spivak
  • Seller: Dodd family
  • Brokers: Steve Reynolds & Tom Reynolds - Investment Property Realty Group

Daniel Spivak acted as the buyer in this transaction, while the Dodd family was the seller. The deal was facilitated by brokers Steve Reynolds and Tom Reynolds from Investment Property Realty Group, who represented the transaction effectively.

Players

Tom Reynolds
98 deals$292.3M volume(718) 360-8817
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Steve Reynolds & Tom Reynolds DATE: 12/3/2025 ADDRESS: 4-79 Woodward Avenue MARKET: Ridgewood, Queens ASSET TYPE: MultiFamily BUYER: Daniel Spivak SELLER: Dodd family BROKERS: Steve Reynolds (@SteveReynoldsNYC) & Tom Reynolds (@TomReynolds_CRE) - Investment Property Realty Group (@IPRG_NY) SALE PRICE: $1,200,000 UNITS: 4 ~ PPU: $300,000 SF: 2,900 ~ PPSF: $413

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35