31-65 29th Street.
NEW YORK CITY- Amid social isolation and national quarantine guidelines attributed to the current coronavirus pandemic, an Astoria, Queens apartment building at 31-65 29th St. has traded for $16.7 million. The sale of the 48-unit multifamily property was closed virtually despite immediate market challenges, according to John Krueger, vice president and regional manager of Marcus & Millichap's Manhattan office.
The building was listed just before the Housing Stability Tenant Protection Act passed. The contract was signed months after the bill passed and closed virtually on March 24th. Marcus & Millichap's Matt Fotis, Lazarus Apostolidis, Zachary Golub and Paul Youssef procured the buyer and represented the seller in the property transaction.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
