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KlosedProperties Acquires Multifamily Property In Ridgewood, Queens For $950K

2034 Palmetto Street
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This MultiFamily property located in NY was sold for $950,000 over 3 years ago. The broker of the deal was Jacob Namdar

A multifamily property located at 2034 Palmetto Street in Ridgewood, Queens has been sold in a recent transaction. The property consists of 3 RS units and 3 vacant units, offering a total of 5,600 square feet of space. The asking price for the property was $1,399,000, but it was ultimately sold for $950,000, resulting in a price per square foot of $169. The transaction involved 3 buyers from Klosed Properties, namely Steven Kachanian, Jacob Namdar, and Adam Hajibai.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $950,000
  • Square Footage: 5,600
  • Price per Square Foot: $169
  • Units: 3 RS units, 3 vacant units

The buyers in this deal were Steven Kachanian, Jacob Namdar, and Adam Hajibai from Klosed Properties. The seller of the property was Floarea Sfera.

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Deals
  • Location
    2034 Palmetto St, Ridgewood, NY 11385, USA2034 Palmetto St, Ridgewood, NY 11385, USA
  • Sale Price
    $950,000$950,000
    $17 PPSF$17 PPSF
  • Area
    56,000 SF56,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker1 Broker

Agent

Jacob Namdar

Jacob Namdar

Deals11
Financed$15.9M

Deal Summary

SALE IMAGE: Adam Hajibai (AdamHaj), Jacob Namdar (@JakeNamdar) & Steven Kachanian (@StevenKachnian) DATE: 08/31/2020 ADDRESS: 2034 Palmetto Street MARKET: Ridgewood, Queens ASSET TYPE: Multifamily ASKING PRICE: $1,399,000 SALE PRICE: $950,000 SF: 5,600 PPSF: $169 UNITS: 3 RS units, 3 Vacant units PPU: $158,333 BUYER: @KlosedProperties Steven Kachanian, Jacob Namdar and Adam Hajibai SELLER: Floarea Sfera […]

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2034 Palmetto Street

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