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    21-81 38th Street

    21-81 38th Street
    Astoria, NY 11105
    Retail, Residential, Leasing/Rental

    21-81 38th Street is a 4-story walk-up building at the corner of Ditmars Boulevard in Astoria, Queens, built in 1927 that contains 24 residential units and five commercial units. Kushner Companies, a family-owned real estate developer and landlord, acquired it as part of a mixed-use portfolio, along with three others, for $51 million in January 2015 from RockFarmer Capital, an affiliate of Queens-based Douglaston Realty Management. The portfolio included 143 residential units and 11 commercial units. RockFarmer bought the properties in a joint venture with Rye, N.Y.-based CapRok Real Estate for $32 million in 2013, renovated the buildings and converted some one-bedroom apartments into small two-bedroom units.

    The buildings were part of a 14-building portfolio sold by Dermot Property Associates for $190.5 million. The other buildings in the portfolio are 21-80 38th Street 35, with residential units and six commercial units, 23-05 30th Avenue, with 42 residential units, and 23-15 30th Avenue, with 42 residential units.

    -MK

    • Address 21-81 38th Street
    • neighborhood Astoria
    • borough Queens
    • owner Kushner Companies
    • floors 4
    • Year Built 1992
    • square feet 34,541
    • block and lot 4-00807-7501
    • BIN 4015922
    • Event Sales
    • Address 23-05 & 23-15 30th Avenue 21-80 38th Street 21-81 38th Street
    • Neighborhood Midtown
    • Borough Queens
    • Price $ 51,000,000
    • Publication Date 03/01/2015
    • Event Date 01/15/2015
    • Party 1 RockFarmer Capital
    • Party 1 Brokerage RockFarmer Capital
    • Party 2 Kushner Companies
    • Party 2 Brokerage Kushner Companies
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