Marc Blumenfrucht’s Iris Holdings Group acquired four elevator buildings in Flushing, Queens, from LeFrak for $71.5 million. Developed in the early 1960s, these properties include 137-20 45th Avenue, 45-15 Colden Street, 44-15 Colden Street, and 44-35 Colden Street. LeFrak, a major multifamily owner in NYC, sold the buildings, which total 517,853 square feet of built space. Iris Holdings financed the acquisition with a $75 million loan from National Equity Fund. The largest building at 137-20 45th Avenue sold for $21.1 million.
44-35 Colden Street
