Kohetitsch Family Sells Ridgewood Multifamily Property At 59-10 Catalpa Avenue For $1.5M

The property located at 59-10 Catalpa Avenue in Ridgewood is a multifamily asset. It consists of 3 units, covering a total square footage of 3,102 and was sold for a price of $1,500,000, resulting in a price per unit of $500,000 and a price per square foot of $483.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,500,000
• Units: 3
• Square Footage: 3,102
• Price Per Unit: $500,000
• Price Per Square Foot: $483
• Seller: Kohetitsch Family
• Broker: Etan Hakimi - Mitra Hakimi Realty Group
• Date of Transaction: 01/17/2025

Etan Hakimi, Esq. represented the sellers in the transaction, facilitating the transfer of the property into a Trust to streamline the process and avoid probate and estate administration complexities. Additionally, he assisted the sellers in removing tenants to deliver the building vacant.