The Soleimani Family Acquires Kew Gardens Multifamily From The Melone Family For $2.65M

The recently closed property transaction in Kew Gardens involved the sale of a multifamily asset located at 84-43 120th Street. The property, which was built 80 years ago, offers a total of 15 units and spans across 16,651 square feet. The sale price for this transaction was $2,650,000, resulting in a price per square foot of $159. The buyer of this property is the Soleimani Family, while the seller is the Melone Family. The seller was represented by Stephen R. Preuss and Kevin Schmitz from Cushman & Wakefield.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,650,000
• Market: Kew Gardens
• Address: 84-43 120th Street
• Asset Type: Multifamily
• Zoning: R6B

This transaction marks the first time the property has been sold since it was built 80 years ago. Kevin Schmitz and Stephen R. Preuss, representing Cushman & Wakefield, facilitated the deal as the seller's representatives. The Soleimani Family were the successful buyers in this transaction, acquiring a well-established multifamily asset in Kew Gardens.