A&E Acquires Multifamily Property In Queens For $130M With Jack Bick As The Broker

The multifamily property located at 86-09 Grand Central Pky in Queens has been sold for $130,000,000. The property consists of 1,056 units, with a price per unit of $123,106. The total square footage of the property is 784,443, with a price per square foot of $165. The sale was conducted by Jack Bick of Charatan Realty, representing the buyer A & E, represented by Douglas Eisenberg, and the seller, The Benjamin Companies.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $130,000,000
• Units: 1,056
• Price Per Unit: $123,106
• Square Footage: 784,443
• Price Per Square Foot: $165
• Address: 86-09 Grand Central Pky.
• Market: Queens

Douglas Eisenberg, representing A & E, successfully acquired the property from The Benjamin Companies in this transaction. The deal was facilitated by broker Jack Bick of Charatan Realty.