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Fotis Group Finalizes Multifamily Sale in Elmhurst 

The Fotis Group at Marcus & Millichap has closed on the sale of 41-32 76th St., a 10-unit multifamily building in Elmhurst, Queens. Located between 41st and Woodside Avenues, the property benefits from its proximity to Elmhurst Hospital and the Jackson Heights-Roosevelt Avenue Transportation Hub. 

The building sits on a wide 60’ lot, spans 4,134 square feet and comes with 3,366 square feet of available air rights. 

41-32 76th traded at $1,700,000. Matt Fotis and Danzel Williams represented buyer Amarbin Ahmed and seller Joseph Preis in this transaction. 

“Demand for well located, regulated and deregulated multifamily properties in Queens remains extremely strong attracting buyers from the neighborhood and across boroughs,” said Fotis. 

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Inside The Story

Marcus & Millichap's Fotis

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 GlobeSt.com 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
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