Meridian Capital Group Represents Butnick Family In $19M Sale Of Forest Hills Mixed-Use Property

The Butnick Family has sold a mixed-use elevator building located at 108-50 71st Avenue in Forest Hills, Queens. This transaction marks the first sale in over 50 years for this property. The building spans 63,074 square feet and was sold for a total price of $19,000,000. The sale price per square foot is $301.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $19,000,000
• Address: 108-50 71st Avenue, Forest Hills, Queens
• Market: Forest Hills, Queens
• Square Footage: 63,074
• Seller: Butnick Family

The transaction was facilitated by the Meridian Capital Group, with David Schechtman, Abie Kassin, Cary Pollack, and Lipa Lieberman representing the seller. Their expertise and negotiation skills played a crucial role in the successful sale of this property.