Treetop Development has sold its Elmhurst apartment complex to Zara Realty for $56.5 million, according to property records. The property at 94-26 56th Avenue is a 164-unit rental complex with three commercial units. Treetop purchased it in 2016 for $40.7 million from Mydac Realty Corp, which had owned the building since 1986. Most of the apartments are rent-stabilized. Rosewood Realty Group president Aaron Jungreis brokered the deal for both sides but declined to comment on […]
source https://therealdeal.com/2018/04/12/treetop-sells-elmhurst-rental-complex-for-57m/
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