31-65 29th Street.
NEW YORK CITY- Amid social isolation and national quarantineguidelines attributed to the current coronavirus pandemic, anAstoria, Queens apartment building at 31-65 29th St. has traded for$16.7 million. The sale of the 48-unit multifamily property wasclosed virtually despite immediate market challenges, according toJohn Krueger, vice president and regional manager of Marcus &Millichap's Manhattan office.
The building was listed just before the Housing Stability TenantProtection Act passed. The contract was signed months after thebill passed and closed virtually on March 24th. Marcus &Millichap's Matt Fotis, Lazarus Apostolidis, Zachary Golub and PaulYoussef procured the buyer and represented the seller in theproperty 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.
