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Sheppard Mullin Richter & Hampton LLP

10/25/2024 | Press release | Distributed by Public on 10/26/2024 13:04

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

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.

Sheppard Mullin Richter & Hampton LLP published this content on October 25, 2024, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 26, 2024 at 19:04 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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