News:
Brokerage
Posted: July 30, 2012
Efrati of Entrepreneur completes $9.5 million sale of two-building package; Represents both buyer and seller of 44-74 21st Street/11-55 45th Avenue
Ami Efrati of Entrepreneur Properties has brokered the $9.5 million sale of a two-building walk-up package in Long Island City. Efrati represented the buyer and seller.
The properties are located at 44-74 21st St. and 11-55 45th Ave. and consist of 47 apartments and one store front. Efrati said, " The phenomenal location and below market rents were a perfect fit for this family who made their first acquisition after 10 years of patiently waiting for the right deal to come along."
In addition to the rent multiple of 11x, Long Island City has been one of the most active neighborhoods in Queens for new projects.
st Street and 11-55 45th Avenue, Long Island City - Queens, NY
Tags:
Brokerage
MORE FROM Brokerage
2026 Women in Commercial Real Estate: Jessica Richer, Hanna Commercial Real Estate - Albany
What was the most rewarding project or deal you’ve worked on in the past 12 months, and why? I had the honor to assist The Arc of Rensselaer County to implement a strategic plan for consolidation of their program and administrative services.
Quick Hits
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)
August Promotion
