Marcus & Millichap, a leading investment firm, recently facilitated the sale of a 34,000-square-foot multifamily property in Queens, New York for $9 million. The transaction was expertly handled by investment specialists Louis Zarif, Shaun Riney and Sean Fopeano from Marcus & Millichap’s Manhattan office. Both the buyer and seller were private investors.
This six-floor apartment building is located at 25-31 30th Road in the desirable Astoria neighborhood and was built in 1941. It boasts a total of 43 units including five studios and thirty-five one-bedroom units. According to Zarif: “Our deep understanding of this unique asset class allows us to consistently exceed expectations for our valued clients.”
