Harry Otterman Acquires Multifamily Property In Jackson Heights For $6.25M

A multifamily property located at 90-11 35th Avenue in Jackson Heights, Queens has been sold in a closed transaction. The property consists of 30 units and has a total square footage of 22,230. The asking price for the property was $6,550,000, and it was ultimately sold for $6,250,000. This translates to a price per square foot of $281, and a price per unit of $208,333.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,250,000
• Address: 90-11 35th Avenue
• Market: Jackson Heights, Queens
• SF: 22,230
• PPSF: $281
• Units: 30
• PPU: $208,333

In this transaction, the seller was Jeff Ull and the buyer was Harry Otterman. The brokers involved in the deal were Shaun Riney, Joe Koicim, and Dylan Walsh.