Elmhurst apartment building sells for $21 million


| lguerre@queenscourier.com |

Photo courtesy of Massey Knakal
Photo courtesy of Massey Knakal

Realty estate company Massey Knakal announced the sale of a six-story Elmhurst apartment building for $21 million.

A 103-unit apartment building in Elmhurst sold for $21 million, according to real estate company Massey Knakal, which announced the sale on Thursday.

The six-story building, which is 89,000 square-feet and has 21 indoor parking spaces, is located on the corner of 80th Street and 45th Avenue.

The sale breaks down to approximately $203,883 per unit and $236 per square foot. There are 18 studios, 42 one-bedroom apartments and 43 two-bedroom units in the building. 

Massey Knakal said that the property is ideal for condominium conversion.

 

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