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UAM Sells Flushing Multifamily Bldg

W Bros Pays $14.2M for 53 Units
January 12, 2018
Urban American Management sold the 53-unit multifamily building at 143-48 41st Ave. in Flushing, NY for $14.18 million, or about $267,000 per unit, to W Brothers.

The six-story, 56,000-square-foot apartment complex was built in 1930 on the south side of 41st Avenue, between Parsons Blvd. and Browne St. in Queens. It is comprised of 53 studio apartments in a single mid-rise building.

Victor Sozio, Shimon Shkury, Daniel Wechsler, Michael Tortorici and Jesse Greshin of Ariel Property Advisors represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #4095888 for more information on this transaction.
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