Global One Investments Acquires Multifamily Property In Forest Hills, Queens For $26.5M

The multifamily property located at 105-05 69th Avenue in Forest Hills, Queens has been sold in a closed transaction. The property consists of 112 residential units and 2 retail spaces, with a total square footage of 112,596. The sale price for this transaction was $26,500,000, resulting in a price per square foot of $235. The buyer of the property is Global One Investments, while the seller is BlackRock. The deal was facilitated by the brokerage firm JLL, with Guthrie Garvin, Alexander Ball, Jack Norton, and Solomon Michailow representing the parties involved.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,500,000
• Address: 105-05 69th Avenue
• Market: Forest Hills, Queens
• Square Footage: 112,596
• Price per Square Foot: $235
• Units: 112 Residential/2 Retail
• Price per Unit: $232,456
• Seller: BlackRock
• Buyer: Global One Investments
• Brokers: Guthrie Garvin, Alexander Ball, Jack Norton, Solomon Michailow - JLL

The involvement of JLL, with brokers Guthrie Garvin, Alexander Ball, Jack Norton, and Solomon Michailow, highlights the professional representation provided in this transaction. The property's location in Forest Hills, Queens adds to its appeal and market value. The buyer, Global One Investments, saw the potential in this multifamily asset, leading to the successful sale facilitated by JLL.