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Queens MF Property Sold for $9M
Marcus & Millichap arranged the sale of a 34,000-square-foot multifamily property in Queens, New York, for $9 million. The transaction was facailitated by investment specialists Louis Zarif, Shaun Riney, and Sean Fopeano from Marcus & Millichap’s Manhattan office. The buyer and seller were both private investors.
The six-floor apartment building, located at 25-31 30th Road and built in 1941, is situated in the Astoria neighborhood. It consists of 43 units, including five studios and 35 one-bedroom units. “Having an understanding of this remarkably nuanced asset class gives us the ability to consistently overperform for our valued clients,” said Zarif.
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