Lee & Associates New Jersey on Wednesday said it sold a 3,200-square-foot mixed-use building located at 15 Godwin Ave. in Ridgewood.
The two-story building will be redeveloped from a dry cleaner into an exciting new retail location in the heart of Ridgewood with office space available on the second floor. Financials were not disclosed.
Josh Krantz, senior vice president at Lee & Associates, represented the buyer and seller. The buyer was Abaco, a family real estate company.
“15 Godwin Ave. provides the buyer with a unique redevelopment opportunity to bring high-quality retail and office space to Ridgewood,” Krantz said. “We are excited to see the transformation of the space and give new tenants the opportunity to venture into the market.”
Redevelopment is expected to begin immediately, and Abaco intends to use this newly acquired space as an investment property.
The property at 15 Godwin Ave. is located centrally across the street from Whole Foods Market and around the corner from the Ridgewood railroad station.