Rosewood Realty Group Negotiates $70M Sale of Apartment Building in Long Island City
Built in 1955, the property located at 42-15 Crescent St. in Queens’ Long Island City features 124 apartment units and two ground-floor retail spaces.
NEW YORK CITY — Rosewood Realty Group has brokered the sale of an apartment building located at 42-15 Crescent St. in Queens’ Long Island City. World Wide Group acquired the 124-unit property from Meadow Partners for $70 million. Built in 1955, the 102,000-square-foot property recently underwent a conversion from an office and retail building to an 11-story apartment building with 124 market-rate rental apartments and two ground-floor retail spaces. Aaron Jungreis of Rosewood Realty Group represented the buyer and seller in the off-market transaction.