Posted on: September 11, 2018 12:30 PM

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Venture capital firm agreed to buy Forest Hills apartment complex for 500 million

Blackstone Group, the venture capital with one of the largest portfolio agreed to buy Forest Hills apartment complex, the Parker Towers for $500 million dollars. The location at 104-20 Queens Blvd which is not far from the new planned jail predicts a property value boom according to real estate insiders due to high traffic civilian activities. The typical rent for a studio is $2,000 and $4,000 for four bedrooms with 24 hour doorman service, indoor parking and dog run. Its a three 20 story towers built in 1960.