Updated Sep 18, 2026
Peter Traphagen Acquires Hospital In Paramus From John LoGrasso For $2,639,000
110 Ridgewood Avenue
$2,639,000
$408/SF
Building Size
6,456 SF
Asset Type
Hospital
Closing
Aug 17, 2026
About this deal
AI
The property involved in this transaction is a hospital located at 110 Ridgewood Avenue in the Paramus market. The sale was completed for a price of $2,639,000. The asset boasts a size of 6,456 square feet, translating to a price per square foot of $408.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $2,639,000
- Address: 110 Ridgewood Avenue
- Market: Paramus
- Square Footage: 6,456
- Price per Square Foot: $408
- Buyer: Peter Traphagen
- Seller: John LoGrasso
- Broker: Michelle Han - Sotheby's International Realty
Michelle Han acted as a Disclosed Dual Agent, representing both the buyer, Peter Traphagen, and the seller, John LoGrasso. She managed the entire transaction from the initial negotiations all the way through to the closing, ensuring effective communication and coordination throughout the process.
On the Map
$2,639,000
$408/SF
Hospital
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Players
Paramus Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.01%
Cash-on-Cash
-1.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93