A Manhattan management group has sold four of its Queens buildings for $50 million, according to The Real Deal.
Urban American sold the multi-family properties in Sunnyside and Elmhurst at 43-31 45th Street, 41-96 Gleane Street, 87-40 Elmhurst Avenue and 87-42 Elmhurst Avenue to Great Neck-based firm Benedict Realty Group (BRG), The Real Deal reported.
BRG already owns about 1,800 units nearby, according to the website.
The publication previously reported Urban American had signed an agreement to sell five multi-family buildings in Far Rockaway for $52 million to E&M Associates.
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