Bayport Funding Sells Multifamily Property At 74-47 64th Place Ridgewood For $1.8M

This multi-family property located at 74-47 64th Place in the Ridgewood market was sold for $1,800,000. The building consists of 4 units, spanning a total area of 3,000 square feet, which results in a price per unit of $450,000 and a price per square foot of $600. The property was sold fully vacant and in mid-renovation condition.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,800,000
• Units: 4
• Price Per Unit: $450,000
• Total Square Feet: 3,000
• Price Per Square Foot: $600
• Seller: Bayport Funding
• Broker Representatives: Nick Kolbus & Dylan Walsh - Cushman & Wakefield

The sale reflects a growing trend in the sub 6-unit multifamily market in Ridgewood. Brokers Nick Kolbus and Dylan Walsh, representing the seller Bayport Funding, facilitated the transaction in this increasingly robust market condition. Interested parties are encouraged to reach out for similar property offerings or for a confidential opinion of value on their own property.