WALL STREET JOURNAL -- New York City's Queens is the New King for Multifamily Investments

New Report Show Booming Market for Apartment Properties in the Borough

A New Jersey property investment firm spent $85.25 million last year to buy a 16-story apartment building in Rego Park, Queens. The firm, Treetop Development LLC, is spending another $7 million on upgrades to the building, called Saxon Hall.

The Teaneck, N.J., company, which already had investments in New Jersey and Manhattan, is now negotiating to buy two other properties in Queens.

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