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Global One Investments Acquires Multifamily Property In Forest Hills, Queens For $26.5M

105-05 69th Avenue
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This MultiFamily property located in NY was sold for $26,500,000 over 3 years ago. The brokers of the deal were Solomon Michailow, Alexander Ball, Jack Norton, and Guthrie Garvin

The multifamily property located at 105-05 69th Avenue in Forest Hills, Queens has been sold in a closed transaction. The property consists of 112 residential units and 2 retail spaces, with a total square footage of 112,596. The sale price for this transaction was $26,500,000, resulting in a price per square foot of $235. The buyer of the property is Global One Investments, while the seller is BlackRock. The deal was facilitated by the brokerage firm JLL, with Guthrie Garvin, Alexander Ball, Jack Norton, and Solomon Michailow representing the parties involved.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,500,000
  • Address: 105-05 69th Avenue
  • Market: Forest Hills, Queens
  • Square Footage: 112,596
  • Price per Square Foot: $235
  • Units: 112 Residential/2 Retail
  • Price per Unit: $232,456
  • Seller: BlackRock
  • Buyer: Global One Investments
  • Brokers: Guthrie Garvin, Alexander Ball, Jack Norton, Solomon Michailow - JLL

The involvement of JLL, with brokers Guthrie Garvin, Alexander Ball, Jack Norton, and Solomon Michailow, highlights the professional representation provided in this transaction. The property's location in Forest Hills, Queens adds to its appeal and market value. The buyer, Global One Investments, saw the potential in this multifamily asset, leading to the successful sale facilitated by JLL.

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Deals
  • Location
    105-05 69th Ave, Forest Hills, NY 11375, USA105-05 69th Ave, Forest Hills, NY 11375, USA
  • Sale Price
    $26,500,000$26,500,000
    $235 PPSF$235 PPSF
  • Area
    112,596 SF112,596 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Solomon Michailow

Solomon Michailow

Deals11
Financed$94.2M

Jack Norton

Jack Norton

Deals15
Sold$303.4M

Guthrie Garvin

Guthrie Garvin

Deals29
Sold$527.4M

Alexander Ball

Alexander Ball

Deals4
Sold$62.1M

Agencies

S2 Property Group

S2 Property Group

Agency
Deals11
Volume$159.6M

JLL

JLL

Agency
Deals5579
Volume$332.6B

Deal Summary

SALE IMAGE: @GuthrieGarvin, Alexander Ball (@Ballsesh), Jack Norton, Solomon Michailow DATE: 06/30/2020 ADDRESS: 105-05 69th Avenue MARKET: Forest Hills, Queens ASSET TYPE: Multifamily SALE PRICE: $26,500,000 SF: 112,596 PPSF: $235 UNITS: 112 Residential/2 Retail PPU: $232,456 SELLER: BlackRock BUYER: Global One Investments BROKERS: Guthrie Garvin, Alexander Ball, Jack Norton, Solomon Michailow – JLL

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105-05 69th Avenue

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