Residential Building Dealt For $10.7M

537-547 Ovington Ave

TheRealDeal reported 537-547 Ovington Ave. changed hands from Meridian Properties to Paul Valentino’s Quinray Realty Corporation to the tune of $10.7 Million for the 62-unit residential building in what would be a relative quiet transaction. What interested us was that rents in the building were averaging $1300/mo