(Read more on the multifamily market.)
[IMGCAP(1)]NEW YORK CITY-The Schneider family sold its 40,000-sf property at 45-16 44th St. in the Sunnyside neighborhood of Queens for $6.6. The selling price is 13 times the property's gross rent.
This six-story residential elevator apartment building consists of 46 units. A source close to the deal tells GlobeSt.com that the buyer is a local Manhattan/Queens investor whose name cannot be disclosed at this time.
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