Rosewood Realty Group Brokers $133M Sale of 10-Building Multifamily Portfolio in Queens

NEW YORK CITY — Rosewood Realty Group has arranged the sale of a 10-building multifamily portfolio in Queens. A&E Real Estate Holdings and Benedict Realty Group purchased the portfolio from Ares Management for $133 million, or $322 per square foot. Totaling 403,800 square feet and 531 units, the properties are located at 38-05 Crescent St. in Long Island City; 93-35 Lamont Ave., 32-15 and 32-25 93rd St, 143-45 Sanford Ave., 41-46 50th St., 39-25 65th St., 39-89 50th St. and 41-45 52nd St. in Queens. Aaron Jungreis of Rosewood Realty Group represented the buyer and seller in the deal.