Ariel Property Advisors Facilitates $6M Multifamily Sale In Ridgewood With 27 Units

The multifamily asset located at 56-07/11/21 Clover Place in Ridgewood has been sold for $6,000,000. This property comprises 27 units, with a price per unit of $222,222. The total square footage of the building is 20,320, resulting in a price per square foot of $295.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Address: 56-07/11/21 Clover Place
• Market: Ridgewood
• Units: 27
• Price per Unit: $222,222
• Square Footage: 20,320
• Price per Square Foot: $295

This transaction was facilitated by brokers Victor Sozio, Jake Brody, Remi Mandell, and Paul Monaco of Ariel Property Advisors, who represent the interests involved in the deal.