Leagem Partners Acquires Multi Family Property In Queens, New York For $16M

The multi-family property located at 119-20 Union Tpke in New York City's Queens – Jamaica – Kew Gardens market has been sold in a closed transaction for a total price of $16,000,000. The property spans a total of 54,545 square feet with a price per square foot of $293. It consists of 58 units, with each unit having an average price of $275,000.

Summary of Transaction Details

• Property Type: Multi Family
• Transaction Amount: $16,000,000
• Square Footage: 54,545 sf
• Price per Square Foot: $293
• Total Units: 58
• Price per Unit: $275,000

Leagem Partners, represented by Heritage Realty and @alexhaji, has acquired the property from John Ballan as the seller.