New York Real Estate Practice Advised Algin Management in the Sale of a Multifamily Portfolio in Queens

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New York Real Estate Practice Advised Algin Management in the Sale of a Multifamily Portfolio in Queens

10.25.2024

Sheppard Mullin represented Algin Management in the sale of three multifamily properties in Queens to Benedict Realty Group for $46.5 million, about $107,000 per unit.

The portfolio included Richelieu Gardens, a three-building complex at 34-44 77^th Street in Jackson Heights, and two six-story buildings in Elmhurst – The Martinique at 56-11 94^th Street and The Alameda at 40-40 79^th Street.

The Sheppard Mullin deal team that advised Algin was led by partner Scott Stern and special counsel Darby Brown.

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