The Real Deal New York

JRC Management pays $28M for 94-unit Sunnyside rental

Seller BRG Management owned 80K sf property for little over a year

May 28, 2015 12:13PM
By Tess Hofmann

43-31 45th Street in Sunnyside

43-31 45th Street in Sunnyside

UPDATED, May 28, 1:03 p.m.: Richard Podpirka’s JRC Management picked up a 94-unit rental building in Sunnyside, Queens, from BRG Management for $27.5 million.

The six-story, 80,000-square-foot building at 43-31 45th Street was part of a 276-unit Queens portfolio that BRG Management purchased from Urban American last year for $50 million. BRG paid $17.1 million for this particular building.

JRC is a Rego Park-based, family-owned business that specializes in rental apartments, according to its Facebook page.

Aaron Jungreis of Rosewood Realty Group served as the broker on the deal.

A representative from the company confirmed the deal and said that improvements are already underway at the building, but could not give more specifics.