BY KIRSTEN E. PAULSON
Long Island City has yet another multi-million dollar real estate deal.
The building located at 34-27 37th St. has sold for nearly $2.5 million, according to commercial real estate investment firm Marcus & Millichap.
Investment specialists Matthew Fotis, Zachary Golub and Lazarus Apostolidis were responsible for arranging the sale of the eight-unit apartment property on behalf of a private investor, as well as securing and representing the buyer, also a private investor.
“The building shows increased interest in the western Queens residential market. As the rental market increases, investors project more aggressive future rents,” Fotis said.