Dan Li Acquires Multifamily Property In Elmhurst, Queens For $4.9M

An multifamily property located at 4305 Forley Street, Elmhurst, New York has been sold for a price of $4,900,000. The property spans across 16,936 square feet and is situated in Queens. With a price per square foot of $289, the property offers a cap rate of 4.85%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,900,000
• Square Footage: 16,936 sf
• Price Per Square Foot: $289
• Cap Rate: 4.85%
• Address: 4305 Forley Street, Elmhurst
• City: New York
• Market: Queens

In this transaction, the seller of the property was David Shorenstein and Jason Silverstein, representing Silvershore. The buyer was Dan Li.

The broker involved in the deal was Matt Fotis Tyler Shot Marcus.