Zhen Yang Purchases Multifamily And Mixed Use Property From Frank Soler And Andrew D'Ambrosio For $4.06M

This transaction involves a multifamily and mixed-use property comprising 9 units located at 470 Fairview Avenue, 1937 Greene Avenue, and 5-75 Woodward Avenue in the Ridgewood market. The sale price for the asset was $4,060,000, with a price per unit of $451,111 and a total square footage of 8,016 resulting in a price per square foot of $506.

The transaction features Zhen Yang as the buyer, acquiring the property from sellers Frank Soler and Andrew D'Ambrosio, who are associated with Fortez Group. The deal was facilitated by the representatives from Ripco, consisting of Stephen R. Preuss Sr., Kevin Schmitz, Kevin Louie, and Andreas Efthymiou, who played a crucial role in the negotiation process.