Kenny Huang Acquires East Elmhurst Multifamily Property For $53M

Located at 90-10 Ditmars Boulevard in East Elmhurst, Queens, this recently sold multifamily property has drawn attention from buyers. The property, spread over nearly 3.5 acres, features 288 units and has been closed for nearly 5 years. The proximity to LaGuardia Airport adds to its appeal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,000,000
• Units: 288
• Price per Unit: $184,028
• Square Footage: 189,250
• Price per Square Foot: $280
• Market: East Elmhurst, Queens

Kenny Huang successfully acquired the property from Heyman Enterprises. The deal was facilitated by Stephen R. Preuss Sr., Kevin Louie, Andreas Efthymiou, and Kevin Schmitz from Ripco. With plans to redevelop the property, the buyer aims to breathe new life into this shuttered building.