Chen Family Acquires MultiFamily Property In Flushing, Queens For $7.3M

The multi-family property located at 144-41, 144-47, and 144-53 Roosevelt Avenue in Flushing, Queens has been sold in a closed transaction. The property consists of 60 units with a price per unit (PPU) of $121,667. The total square footage of the property is 37,506, with a price per square foot (PPSF) of $195. The sale price for the property was $7,300,000.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $7,300,000
• Address: 144-41, 144-47 & 144-53 Roosevelt Avenue
• Market: Flushing, Queens

The buyer of the property is the Chen Family, while the seller is Paul Mcaffe. The deal was facilitated by Ryan Perkoski and John Martisch of RPR Ventures, who represented both the buyer and seller in the transaction.