The Reel

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A blog for breaking sales and neighborhood real estate news.

The remaining unsold co-op units in a five building, six-story elevatored apartment complex, known as Donner Gardens, were sold in an all cash transaction valued at $12,000,000.

The complex consists of three buildings on 81st Street and two buildings on 82nd Street; all between Northern Boulevard and 34th Avenue in Jackson Heights, Queens. 

The units consist of the unsold sponsor shares retained from a conversion to co-op in the 1980s and have remained under the ownership of the original developer since the building’s construction in 1951. Of the 270 total units, 121 remained rental apartments. Eight-eight (88) units are free market with the remaining thirty-three (33) being rent stabilized.  The apartment sizes ranged between studios to two-bedrooms with the majority (70%) being one-bedrooms.   

Neighborhoods: Jackson Heights