Pal Singh Acquires Multifamily Property At 140-18 Ash Avenue Flushing For $5.6M

The asset involved in this transaction is a multifamily property located at 140-18 Ash Avenue in the Flushing market. The property was sold for $5,600,000 and includes 54 units. The total square footage of the asset is 38,806, resulting in a price per unit of $103,703 and a price per square foot of $144.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,600,000
• Units: 54
• Square Footage: 38,806
• Price Per Unit: $103,703
• Price Per Square Foot: $144
• Buyer: Pal Singh
• Seller: East Coast Management
• Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group

The transaction featured an all-cash buyer, Pal Singh, and was finalized in under 30 days, representing a successful closing process handled by the brokerage team of Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.