TriArch Real Estate Group Acquires Multifamily Property In Astoria For $7.3M

Located at 43-18 25th Avenue in Astoria, this multifamily property was recently sold in a closed transaction. The property consists of 14 units, offering a spacious living space for its residents. The sale price for this property was $7,300,000, making it a lucrative investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,300,000
• Address: 43-18 25th Avenue
• Market: Astoria

The buyer in this transaction was TriArch Real Estate Group, while the seller was 43-18 25th Ave LLC. The property spans across 14,400 square feet, resulting in a price per square foot of $506. With its prime location in Astoria and its attractive price, this property presented an excellent investment opportunity for both the buyer and the seller.