The multifamily property located at 59-23 Gates Avenue in Ridgewood was sold for $1,400,000. The asset consists of 2 units with a total square footage of 3,166, translating to a price per unit of $700,000 and a price per square foot of $442.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Address: 59-23 Gates Avenue
• Market: Ridgewood
• Units: 2
• Square Footage: 3,166
• Price per Unit: $700,000
• Price per Square Foot: $442

Peter Gerges acquired the property from Geroge Gorniouk. The transaction was facilitated by Daniel Barcelowsky from Evergreen Realty & Investments, representing the parties involved in the sale.