John Hale III Of Cornerstone Group Acquires Multifamily Building In Forest Hills For $15M

A multifamily residential elevator building located at 67-70 Yellowstone Boulevard in Forest Hills, Queens, was sold for $15 million. The building comprises 109 units and has a building square footage of 122,677, resulting in a price per building square foot of $122. The total square footage of the property is 118,800, leading to a price per square foot of $126.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Buyer: John Hale III - Cornerstone Group
• Seller: 67-70 Realty Co., LLC
• Building Square Footage: 122,677
• Price per Building Square Foot: $122
• Total Square Footage: 118,800
• Price per Square Foot: $126
• Date of Sale: January 21, 2026

John Hale III represented Cornerstone Group in the purchase of the property through Yellowstone 6770 LLC from the seller 67-70 Realty Co., LLC. This transaction highlights the active involvement of Cornerstone Group in acquiring residential properties in the Queens market.