A&E Acquires Package Deal In Jackson Heights, Queens From Joseph Bruno Trust For $58.75M

The package deal in Jackson Heights, Queens has been sold for $58,750,000. The properties located at 35-64 84th Street and 80-01 37th Avenue offer a combined square footage of 217,240. The sale price translates to a per square foot cost of $270. The package includes 224 units, with each unit valued at an average of $262,276.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $58,750,000
• Address: 35-64 84th Street & 80-01 37th Avenue, Jackson Heights, Queens
• Square Footage: 217,240
• Price Per Square Foot: $270
• Units: 224
• Price Per Unit: $262,276

The buyer of this package deal is A&E represented by Douglas Eisenberg. The seller is the Joseph Bruno Trust, represented by Craig Bruno. The deal was facilitated by brokers Shaun Riney and Joe Koicim from New York Multifamily, as well as Seth Glasser, Nat Rocket, and Dylan Walsh from Marcus & Millichap.