$83 Million Sale of Queens NY Portfolio of Multifamily Apartment Buildings

Successful Sale of the BF Group Portfolio in Queens

Bob Knakal orchestrated the $83,000,000 sale of the BF Group Portfolio (also known as the Bassuk Portfolio), a 30-building multifamily package across Jackson Heights, Richmond Hill, Sunnyside, and Woodhaven. This large-scale portfolio, consisting of both elevator and walk-up buildings, was acquired by the Bronstein Family, led by Barry Rudofsky, from seller Richard Bassuk.

Walk-Up Building Sales - For the complete list click here Walk Up Buildings

Sale Details

Bob Knakal’s strategic marketing approach and deep market insight played a pivotal role in securing a buyer for this extensive portfolio, which included both elevator and walk-up multifamily properties.

• Sale Price: $83,000,000
• Sale Date: March 6, 2007
• Property Type: Multifamily – Elevator & Walk-Up (Portfolio)
• Building Size: 672,546 SF
• Price per SF: $123.41
• Units: 703
• Number of Buildings: 30

Portfolio Overview

The BF Group Portfolio offered a rare opportunity to acquire a diverse multifamily collection in some of Queens' most desirable residential areas.

• Neighborhoods: Jackson Heights, Richmond Hill, Sunnyside, Woodhaven
• Borough: Queens
• Buildings: 30
• Units: 703
• Square Footage: 672,546

Key Addresses in the Portfolio

The portfolio included prominent addresses across multiple Queens neighborhoods:

• Jackson Heights:
  
  • 35-25 & 35-35 95th Street
  • 94-05, 95-05, 94-19 35th Avenue (Walk-Up)
    
    
• Sunnyside:
  
  • 43-38 47th Street (7 associated addresses)
  • 45-42 41st Street (Elevator)
  • 47-12 43rd Avenue
  • 47-21 41st Street (Elevator)
    
    
• Richmond Hill:
  
  • 84-23/25 85th Road
    
    
• Woodhaven:
  
  • 87-24 115th Street
  • 90-19 88th Street
    
    

Strategic Impact

This transaction showcased Bob Knakal’s expertise in navigating large-scale, multi-property deals and delivering results for high-value portfolios. The Bronstein Family’s acquisition reinforced their growing foothold in the Queens multifamily market.

This successful sale further demonstrates Bob Knakal’s ability to manage complex, high-value transactions and his deep knowledge of the New York City real estate landscape

Conclusion

The $83 million sale of the BF Group Portfolio underscores Bob Knakal’s ability to manage large-scale, multi-property deals with precision and success. This transaction highlights his deep market knowledge and unparalleled track record in New York City’s multifamily sector.

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