The Reel

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A blog for breaking sales and neighborhood real estate news.

A six-story elevator apartment building at 110-48 72nd Avenue, located between 110th and 112th Streets in Forest Hills, Queens was sold in an all cash transaction valued at $7,300,000.  

The building is approximately 36,436 square feet and sits on a 110’ x 100’ lot. There are forty-eight units in the building of which there are twenty-nine studios, eleven one-bedroom units, seven two-bedroom units and one three-bedroom unit. Features include a small laundry room and garage parking for fourteen cars. The sales price represented $153,125 a unit and 10.52 gross rent multiple.

Neighborhoods: Forest Hills