Cammeby’s buys Kew Gardens resi complex for $23M

The firm is financing the acquisition with a $12.5M Capital One loan

TRD New York /
Jul.July 06, 2018 04:30 PM

Rubin Schron and 83-15 Lefferts Boulevard in Queens (Credit: Google Maps)

Cammeby’s International Group bought a residential complex in Kew Gardens for $22.7 million, according to documents filed with the city Friday.

The property, located at 83-15 Lefferts Boulevard, is located near the corner of Lefferts Boulevard and Metropolitan Avenue, near Maple Grove Park. The six-story rental building contains 90 apartments, property records show.

The property was sold by the Lefferts House Enterprises Company, which has owned the building since the 1970s. The entity is managed by Avrohom Sukenik, records show.

Cammeby’s is financing the acquisition with a $12.5 million mortgage from Capital One. The firm did not immediately respond to a request for comment.

Cammeby’s, which was founded by Rubin Schron in 1967, has a portfolio that covers nearly 15,000 apartments. The firm started with a few Bronx properties then grew to own assets such as the Woolworth Building and Industry City. It is also famous for making a $2 billion unsolicited bid for the Empire State Building in 2013. Schron’s real estate holdings are worth over $10 billion. Rubin, who is 80 years old, now runs the firm with his sons Avi and Eli.


Related Articles

arrow_forward_ios
(iStock)

Déjà vu: New home sales hit 14-year high in August

Déjà vu: New home sales hit 14-year high in August
Housing and Urban Development secretary Ben Carson (Getty; iStock)

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo trades for over $10K psf

Another 220 Central Park South condo trades for over $10K psf
The Real Deal's Amir Korangy, Fredrik Eklund and Louise Sunshine

Louise Sunshine and Fredrik Eklund hold court on selling luxury

Louise Sunshine and Fredrik Eklund hold court on selling luxury
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Photo illustration of the Williamsburg Bridge (Getty, iStock) 

As Manhattan struggles, Brooklyn’s sales market is “booming”

As Manhattan struggles, Brooklyn’s sales market is “booming”
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
Zillow's Rich Barton (iStock)

Zillow launches brokerage to boost iBuying

Zillow launches brokerage to boost iBuying
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...