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506 Woodward Avenue

David Lee Acquires Multifamily Property At 506 Woodward Avenue For $2.43M With David Chang And Mark Martov As Representatives
SOLDMultiFamily

David Lee Acquires Multifamily Property At 506 Woodward Avenue For $2.43M With David Chang And Mark Martov As Representatives

506 Woodward Avenue

$2,430,000

$604/SF

Building Size

4,023 SF

Asset Type

MultiFamily

Closing

Oct 29, 2025

AI

The property sold is a MultiFamily asset located at 506 Woodward Avenue in Ridgewood. The transaction was completed at a price of $2,430,000 and has a total square footage of 4,023, resulting in a price per square foot of $604.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,430,000
  • Address: 506 Woodward Avenue
  • Market: Ridgewood
  • Square Footage: 4,023
  • Price Per Square Foot: $604
  • Buyer: David Lee
  • Seller: Amy Chang
  • Buyer's Representative: David Chang - Compass
  • Seller's Representative: Mark Martov - The Corcoran Group

Key individuals involved in this transaction include the buyer David Lee and the seller Amy Chang, with David Chang representing the buyer and Mark Martov representing the seller. Both brokers belong to prominent agencies in the real estate market, facilitating the sale effectively.

Players

Mark Martov

The Corcoran Group

Broker

$39.3M

vol

10 deals

Broker
Compass
CompassBrokerage

Ridgewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.53%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93