The four-unit multifamily building located at 503 Grandview Ave in the Ridgewood section of Queens, NY, was recently sold for $1.9 million. The two-story property, constructed in 1921, consists of two three-bedroom apartments and two four-bedroom apartments. The asset underwent a full renovation before changing ownership. The transaction was facilitated by Yehoshua Shamel of GFI Realty Services, representing both the buyer and seller, who are local investors.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,900,000.00
• Address: 503 Grandview Ave, Queens, NY, 11385
• Market: Ridgewood
• Buyer's Rep: Yehoshua Shamel (GFI Realty Services)
• Buyer: Private Investor
• Seller: Private Investor

The sale of the multifamily building was brokered by Yehoshua Shamel of GFI Realty Services, who represented both parties in the transaction. The deal involved local investors, signifying a transaction within the community with parties familiar with the local real estate landscape.