The Real Deal New York

Vantage Properties is in contract to purchase 47 residential buildings in Queens for approximately $300 million, sources close to the deal said today. The deal, which went into contract on Friday, is one of the largest residential real estate transactions ever in Queens. The transaction underscores that institutional investors are increasingly interested in older buildings in a borough with low vacancy rates and a growing population. Vantage, a real estate investment firm created in 2005, will nearly double its stake in Queens by purchasing around 1,900 units owned by Nicholas Haros. Apollo Real Estate Advisors, which has provided financing to Vantage in the past, is expected to partner with the firm again on this deal, according to sources. more By Adam Pincus