Ronny Lam Acquires Multifamily Property In Corona, Queens For $1.6M

An impressive multifamily property located at 104-70 47th Avenue in Corona, Queens has been sold recently. The property is situated in a desirable location in the market. The sale was facilitated by Marc Richter & Jacob Ashkenazie from Commerce Realty Group, who represented the buyer and seller in the transaction. The property was sold for a remarkable price of $1,589,000, reflecting the value it offers.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,589,000
• Address: 104-70 47th Avenue
• Market: Corona, Queens
• Asset Type: Multifamily
• Zoning: R5

The buyer in this transaction is Ronny Lam, while the seller is Roy Mulak. Marc Richter & Jacob Ashkenazie from Commerce Realty Group represented both parties in the deal. The property encompasses a total of 2,475 square feet, providing ample space for its residents. With a price per square foot of $642, this multifamily property offers great value. It consists of three units, with a price per unit of $529,666.