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NEW YORK CITY-BRG has bought 561 units across a 19 building portfolio in the Queens neighborhoods of Jackson Heights, Elmhurst and Corona for over $68 million. The company clearly likes the area—it owns approximately 1,500 units in the immediate vicinity.

The seller, a real estate investment group, was represented by two brokerage firms: Ariel Property Advisors and Rosewood Realty. Ariel’s Shimon Shkury, president, and VPs Michael Tortorici, Victor Sozio and Jonathan Berman and Randy Modell represented the seller on five of the buildings—with 311 units that sold for approximately $38 million–while Aaron Jungreis, president, Rosewood represented the same seller on a portfolio of fourteen buildings with 250 units that sold for over $30 million.

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