Entrepreneur Properties
Queens, NY Entrepreneur Properties recently broke a record in Jackson Heights for highest price per built square foot ever paid in this neighborhood with the sale of 74-12 to 74-24 37th Ave.
Sales agents Mo Ibrahim and Mourad Bessioud of Entrepreneur Properties represented the buyer, a local investor, in this transaction. The buyer paid $16 million ($1,868 per built s/f) for the one story taxpayer containing five stores

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,