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Acquisitions

Arik Lifshitz buys 2928 41st Avenue

2928 41st Avenue in LIC (Credit: CoStar)

Arik Lifshitz’s DSA Property Group has acquired 2928 41st Avenue in Long Island City from Jack Guttman for $47 million. The multi-family building spans 96,456 square feet, and contains 115 market-rate units, plus a small office component. 

  • Be Smart: The deal sold at a 5.1% cap rate and a GRM of 13, TRD noted. The office component spans 7,600 square feet on the ground floor.
  • Acquisition financing: The buyer secured a $31.5 million loan from Signature Bank to close the deal.
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