Rockabill Development Acquires MultiFamily In Glendale For $15.96M

The multifamily property involved in the transaction is located at 7127 65th St, Queens, NY, 11385, in the Glendale market. This portfolio comprises three adjoining buildings at 71-15, 71-21, and 71-27 65th St., encompassing a total of 72 units. The sale price for the properties was $15,960,000.00, with a total square footage of 62,640 square feet, resulting in a price of $221,597 per unit and $255 per square foot.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $15,960,000.00
• Address: 7127 65th St, Queens, NY, 11385
• Market: Glendale
• Square Footage: 62,640
• Units: 72
• Seller's Representatives: Matthew Lev-Ariel - Property Advisors, Michael Tortorici - Ariel Property Advisors
• Buyer: Group led by Rockabill Development

This transaction was facilitated by Ariel Property Advisors, involving key representatives from the firm to manage the sale process. The buyers are part of a group led by Rockabill Development, which indicates a structured approach to acquiring this multifamily portfolio in Glendale.