HUBB NYC picks up Astoria apartment building in biggest Queens multifamily deal so far this year

In the priciest Queens multifamily deal so far this year, HUBB NYC Properties paid $75 million for a new apartment building in Astoria. The Midtown-based investment firm purchased the 114 unit Astoria Central property at 31-57 31st Street from Mega Contracting Group and Treeline Companies, sources told The Real Deal. Jesse Terry, HUBB’s director of acquisitions, said the company was attracted to Astoria’s “long-term desirability” and the quality of the building. He said the property […]

source https://therealdeal.com/2019/03/14/hubb-nyc-picks-up-astoria-apartment-building-in-biggest-queens-multifamily-deal-so-far-this-year/

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