Ryan Jodina Acquires Multifamily Property In Ridgewood, Queens For $2M
1889 Troutman Street
$2,000,000
$423/SF
Building Size
4,720 SF
Asset Type
MultiFamily
Closing
Mar 7, 2024
AI
The multifamily property located at 1889 Troutman Street in Ridgewood, Queens was recently involved in a transaction. The property consists of 6 units spread across 4,720 square feet, with a sale price of $2,000,000. The price per unit stands at $333,333, and the price per square foot is $424.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 6
- Price Per Unit: $333,333
- Square Footage: 4,720
- Price Per Square Foot: $424
- Address: 1889 Troutman Street
- Market: Ridgewood, Queens
Ryan Jodina acquired the property from Guo Lian Chen. The transaction was facilitated by Adelaide Polsinelli, Lauren Curcio, and Michael Cardillo from Compass. These brokers played a crucial role in closing the deal between the buyer and the seller.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93