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RockFarmer Properties

RockFarmer nabs Jackson Heights rental for $29M 34-unit property has sold twice since it was built in 2010

40-07 73rd Street in Jackson Heigh上海龙凤论坛

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ts (Inset: Matt Cassin)

RockFarmer Properties snapped up a 34-unit multifamily building in Jackson Heights for $29.3 million, or $600 per square foot, sources told The Real Deal.

The six-story building at 40-07 73rd Street, which spans nearly 49,000 square feet, was built in 2010. The seller of the property was Matt Cassin s JMC Holdings, which has owned the property for three years. The firm paid $20 million for it in 2013.

Joe Koicim, Peter Von Der Ahe, Shaun Riney and Mike Salvatico of Marcus Millichap brokered the sale. Neither the buyer nor seller was immediately availab上海千花社区

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le for comment.

From lef爱上海

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t: Peter Von Der Ahe and Joe Koicim

RockFarmer Properties, a real estate investment firm led by John Petras and George Michelis, is an active buyer in Queens, scooping up a mix of prewar rentals, condos and co-ops. Earlier this year the company bought a 10,000-square-foot strip mall in Astoria for $12.1 million fro上海龙凤论坛

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m Ditmars Real Estate Consultants.

JMC recently sold an office condo spanning the top three f爱上海

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loors of 99 Hudson Street to LaSalle Investment Management for $48 million, more than double what it paid several years ago.

Tags: marcus millichap, rockfarmer capital
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