Chestnut Holdings Acquires Elmhurst Multifamily For $14.5M

The multifamily property located at 86-22 Dongan Avenue in Elmhurst has been sold. The transaction took place on April 5, 2022. The property, consisting of 83 units, was purchased by Chestnut Holdings from Edward Bokhour & Deborah Bokhour Golpariani for a sale price of $14,500,000. The price per unit was calculated at $174,698, and the total square footage of the property is 64,509, resulting in a price per square foot of $224.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,500,000
• Address: 86-22 Dongan Avenue
• Market: Elmhurst
• Buyer: Chestnut Holdings
• Seller: Edward Bokhour & Deborah Bokhour Golpariani
• Units: 83
• Price per Unit: $174,698
• Square Footage: 64,509
• Price per Square Foot: $224

Chestnut Holdings represented themselves in this transaction, while Edward Bokhour & Deborah Bokhour Golpariani were represented by their respective brokers. The sale of the property highlights the ongoing activity in the Elmhurst market for multifamily assets.