Barry Rudofsky’s Bronstein Properties has sold an 80-unit Jackson Heights apartment building for $12 million.
Marcus & Millichap brokered the sale of Jackson Heights 80, situated at 35-25 95th Street in Queens, NY, two blocks from the 7-Line Subway.
Joe Koicim, Peter Von Der Ahe, Dylan Walsh and Shaun Riney represented the seller and the buyer, Victor Sismanoglou.
“These buildings received immediate interest for their location, competitive pricing, and overall quality of management. We were able to identify a buyer in less than 60 days of marketing and achieve a sale price of less than percent off the asking price,” said Walsh.
The two contiguous four-story walk-up buildings consist of 53 one-bedroom and 27 two-bedroom apartments which have been meticulously maintained and undergone recent renovations.
According to public records, Bronstein has owned the property since 2007, when it picked it up for $8.1 million.