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1,270-unit Kew Gardens Hills apartment complex sells for $216 million – QNS.com

1,270-unit Kew Gardens Hills apartment complex sells for $216 million

Photo courtesy of PropertyShark/Scott Bintner

Real estate investment firm Hudson Realty Capital sold a massive 12-lot portfolio of apartment buildings in Kew Gardens Hills for $216 million, according to city records filed Wednesday.

The site comprises 1,268 apartments in 53 buildings on 24.6 acres scattered throughout 72nd Road, 150th Street, 73rd Avenue, 75th Avenue, Kissena Boulevard and 153rd Street.

The buyer is an affiliate of A&E Real Estate, The Real Deal reported.

Massey Knakal was the broker in the transaction, which an agent from the firm said in February would be the single largest residential complex sold in Queens since the sale of 3,000 units in Fresh Meadows in 1997.

However, a representative from the firm declined to comment on the sale.

Complex
Photo courtesy of Massey Knakal

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