Related Companies Sells Multifamily Properties In Astoria Long Island City And Brooklyn For $7.6M

This multifamily property transaction encompassed several addresses, specifically 36-05 Vernon Boulevard, 5-16 47th Road, 32-38 48th Street, and 461 Dekalb Avenue, with a total sale price of $7,600,000. The asset has a total square footage of 10,500, translating to a price per square foot of $723, and is situated in the markets of Astoria, Long Island City, and Brooklyn.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,600,000
• Square Footage: 10,500
• Price Per Square Foot: $723
• Addresses: 36-05 Vernon Boulevard, 5-16 47th Road, 32-38 48th Street, 461 Dekalb Avenue
• Market: Astoria, Long Island City & Brooklyn
• Seller: Related Companies
• Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group; Edward Setton & Adam J Hess - Sterling Property Group NY

The brokers involved include Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group, along with Edward Setton and Adam J Hess from Sterling Property Group NY, facilitating the successful transaction for the seller, Related Companies.