Wong Family Acquires Multifamily Building From Tagios Family For $2 Million In East Elmhurst

The transaction involved a multifamily asset located at 40-03 76th Street in East Elmhurst, which was acquired for a total price of $2,000,000. The property comprises 16 units, translating to a price per unit of $125,000. The square footage of the building is 9,740, resulting in a price per square foot of $205.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Units: 16
• Price per Unit: $125,000
• Square Footage: 9,740
• Price per Square Foot: $205
• Buyer: Wong Family
• Seller: Tagios Family
• Broker: Sam Schwartz, Yosef Katz, Shlomo Antebi & Erik Yankelovich - Atlas Realty Group

The key individuals involved in this transaction include the Wong Family as the buyer and the Tagios Family as the seller. The brokerage team from Atlas Realty Group comprised Sam Schwartz, Yosef Katz, Shlomo Antebi, and Erik Yankelovich who facilitated the deal.