The Loria Family Acquires Multifamily Property In Astoria, Queens For $13.26M

The multifamily property located at 34-50 28th Street in Astoria, Queens, was sold for $13,262,500. This property consists of 76 units with a price per unit of $174,507. The total square footage spans 51,930, resulting in a price per square foot of $255.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $13,262,500
• Units: 76
• Price Per Unit: $174,507
• Square Footage: 51,930
• Price Per Square Foot: $255
• Address: 34-50 28th Street
• Market: Astoria, Queens

The sale of this multifamily asset was facilitated by Shaun Riney, Sean Fopeano, and Louis Zarif from Marcus & Millichap. The Loria Family acquired the property from the Kurzner Family in this transaction.