Ariel Property Advisors Sells Multifamily Asset At 30-58 & 30-64 34th Street For $12.5M

The property asset involved in the transaction is a multifamily building located at 30-58 & 30-64 34th Street in Astoria. The sale amount for this partial interest was $12,500,000. The property comprises 70 units, totaling 49,600 square feet, with a price per unit of $178,571 and a price per square foot of $252.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Units: 70
• Square Feet: 49,600
• Price Per Unit: $178,571
• Price Per Square Foot: $252

The deal involved brokers Victor Sozio, Alexander Taic, and Remi Mandell, who are representatives from Ariel Property Advisors. These individuals facilitated the transaction, contributing their expertise in the multifamily real estate market in the Astoria area.