Ginsberg Family Sells Multifamily Properties In Jackson Heights And Elmhurst For $46.5 Million

This transaction involves a multifamily property located at 34-44 77th Street, 56-11 94th Street, and 40-40 79th Street, situated in the Jackson Heights and Elmhurst markets. The sale price amounted to $46,500,000 with a total of 433 units. The property covers a square footage of 388,000, resulting in a price per unit of $107,390 and a price per square foot of $119.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,500,000
• Address: 34-44 77th Street, 56-11 94th Street & 40-40 79th Street
• Market: Jackson Heights, Elmhurst
• Units: 433
• Square Feet: 388,000
• Price per Unit: $107,390
• Price per Square Foot: $119
• Seller: Ginsberg Family
• Broker Representatives: Robert Khodadadian, Daniel Shirazi & Daniel Davidov - Skyline Properties

The Ginsberg Family was the seller in this transaction, represented by the brokerage firm Skyline Properties. The brokers involved in the deal were Robert Khodadadian, Daniel Shirazi, and Daniel Davidov, who facilitated the process of the sale.