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B6 Markets Full-Block Queens Portfolio

B6 Real Estate Advisors has been retained to sell a portfolio of four buildings, located in Briarwood, Queens, on the market for $99 million. The 381,798-square-foot listing encompasses an entire city block and includes 383 units and 116 garage parking spaces.

The firm’s Thomas Donovan, Eugene Kim, Tommy Lin, Robert Rappa and Bradley Rutkin are handling the assignment. Historically, Briarwood and its surround neighborhoods, including Forest Hills, Rego Park and Kew Gardens are areas where large multifamily assets do not trade very often.

B6 says the offering provides multifamily investors/operators with a unique opportunity to acquire an ideally located, prime piece of residential real estate that has the potential to achieve attractive returns on investment, especially with the opportunity for future development.

The portfolio comes with approximately 28,000 square feet of additional development rights. The neighborhood offers proximity to mass transit, neighborhood amenities, major highways and airports.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition