Eric Moran Acquires Ridgewood Apartment From Richard Gropper In $21.4M Deal

The property at 18-70 Troutman Street in Ridgewood, Queens has been sold in a recent transaction. The apartment building, with a total square footage of 89,499, is located on a lot with dimensions of 200 ft x 199 ft. The property is zoned as R6B and C1-3, with a floor area ratio (FAR) of 2.53. It falls under tax class 2. The lot size is 35,375 square feet.

Summary of transaction details:

• Property Type: Apartment
• Transaction Amount: $21,413,897
• Buyer: Eric Moran
• Seller: Richard Gropper

The transaction price for the property was $21,413,897, with a price per square foot (PPSF) of $239. The building has a total building square footage (BSF) of 70,750, resulting in a price per building square foot (PPBSF) of $302. This sale represents a significant increase in value compared to the last recorded sale, which took place on 4/26/2022 for $2,688,515. The property has also undergone an alteration permit on 05/22/2020.

Note: No additional information was provided regarding the deal.