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1889 Troutman Street

Ryan Jodina Acquires Multifamily Property In Ridgewood, Queens For $2M
SOLDMultiFamily

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

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker

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