Victor Gjonaj Purchases Multifamily Asset From Robert Miller In Forest Hills For $18M

The property asset involved in this transaction is a multifamily asset located at 94-19 66th Avenue & 94-20 66th Avenue, situated in the Forest Hills market. The sale price was recorded at $18,000,000, encompassing a total of 108 units. The square footage of the property amounts to 97,920, with a price per unit of $166,666 and a price per square foot of $183.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Units: 108
• Square Footage: 97,920
• Price Per Unit: $166,666
• Price Per Square Foot: $183
• Buyer: Victor Gjonaj
• Seller: Robert Miller
• Brokers: Marco Lala, Jack Lala, Michelle Lala & David Raciti - RM Friedland
• Transaction Date: 09/23/2024

This transaction involved key individuals including the buyer, Victor Gjonaj, and the seller, Robert Miller, represented by the brokerage team of Marco Lala, Jack Lala, Michelle Lala & David Raciti from RM Friedland. The brokers played a significant role in facilitating the deal within the multifamily market of Forest Hills.