Marcus & Millichap facilitates $9 million sale of multifamily property
Queens, NY Marcus & Millichap has completed the sale of a 34,000 s/f multifamily property. The asset sold for $9 million.
“Having an understanding of this remarkably nuanced asset class gives us the ability to consistently overperform for our valued clients,” said Louis Zarif.
Zarif, Shaun Riney, and Sean Fopeano, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Located at 25-31 30th Rd., this six-floor apartment building, built in 1941, is situated in the Astoria neighborhood. It comprises 43 units with a mix of five studios and 35 one-bedroom units. The property is located near subway station servicing the W and N lines.