Ari Harkov Acquires Ridgewood Multifamily Portfolio For $12.8M

The sale of a multifamily portfolio in Ridgewood, Queens has been completed. The portfolio includes five buildings located at 510 Fairview Ave., 18-63 Himrod St., 291 Onderdonk Ave., 664 Onderdonk Ave., and 18-79 Linden St. The properties span a total of 14,400 square feet and consist of twenty fair market residential units. The unit mix includes twelve 3-bedroom/1.5-bathroom units and eight 4-bedroom/1.5-bathroom units. The portfolio was sold for a total of $12,755,000, with a price per unit of $637,750. The price per square foot was $886.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,755,000
• Units: 20
• Price per Unit: $637,750
• Square Footage: 14,400
• Price per Square Foot: $886

The transaction was facilitated by Ari Harkov of The Harkov Lewis Team at Brown Harris Stevens, who represented the buyer. The seller was represented by Baruch Edelkopf and Joseph Rosenfeld of Schuckman Realty. Please contact Joseph Rosenfeld at [email protected] or 718-501-8294, or Baruch Edelkopf at [email protected] or 646-919-2446 for more information about similar properties or underwriting considerations for fair market tax class 2A and 2B properties.