GFI Realty Services Successfully Markets a Multi-Building Portfolio

GFI Realty Services has been named the exclusive sales agent for a 12-building apartment portfolio in the St. Albans neighborhood of Queens, N.Y., with pricing targeted at $5.3 million.

New York—GFI Realty Services Inc. has been named the exclusive sales agent for a 12-building apartment portfolio in the St. Albans neighborhood of Queens, N.Y., with pricing targeted at $5.3 million.

Located at 187-05 through 187-21 Baisley Boulevard and 187-22 Foch Boulevard, the portfolio consists of 12 contiguous, two-story garden style apartment buildings on three lots and 50 parking spaces. Each building consists of two one-bedroom apartment units.

“With its ideal location and relatively low rents, the buildings provide an enviable asset with significant upside to investors,” Max Koshkerman, GFI Realty’s broker on the project, said. “These units are all within walking distance of the dining and other conveniences that the nearby retail corridors provide.”

The buildings are also nearby the St. Albans stop of the Long Island Railroad, which connects the area to midtown Manhattan and the other neighborhoods along the railroad’s West Hempstead Branch. The property is also just several miles from John F. Kennedy International Airport.

St. Albans is just southeast of Jamaica and has a population of nearly 35,000.

GFI Realty has been extremely active in New York in recent months, arranging sales across the five boroughs, including a number of transactions that set area records for price per unit and price per square foot.