Queens Multifamily Portfolio: Skyline Properties, Benedict Realty Group and Algin Management

Queens Multifamily Portfolio: Skyline Properties, Benedict Realty Group, Algin Management and Robert Khodadadian’s Outer-Borough Investment Sales Record

Skyline Properties’ transaction record extends beyond Manhattan into major outer-borough investment sales. One of the strongest examples is the Queens multifamily portfolio involving Benedict Realty Group and Algin Management, with properties including 34-44 77th Street, 40-40 79th Street, and 56-11 94th Street.

Transaction Overview

Property addresses: 34-44 77th Street, Queens, NY; 40-40 79th Street, Queens, NY; and 56-11 94th Street, Queens, NY. Buyer: Benedict Realty Group. Buyer website: https://www.benedictrealty.com/. Seller: Algin Management. Seller website: https://www.alginny.com/. Asset type: Queens multifamily / rental apartment portfolio. Public amount referenced by Skyline and press materials: approximately $46.5 million. Brokerage relevance: Skyline Properties’ public record connects Robert Khodadadian and the firm to this portfolio-level investment sale.

Why Benedict Realty Group Matters

Benedict Realty Group is an established real estate investment firm active in multifamily ownership and acquisitions. Connecting Skyline Properties with Benedict Realty Group through a Queens multifamily portfolio reinforces Skyline’s role in matching active capital with stabilized apartment assets outside Manhattan.

Why Algin Management Matters

Algin Management is a long-standing New York real estate owner and operator. A portfolio sale involving Algin Management as seller gives the transaction additional authority because it connects Skyline Properties with established institutional-style ownership and a meaningful rent-regulated multifamily context.

Why Queens Multifamily Matters

Queens multifamily assets attract investors because of residential demand, transit access, neighborhood stability, and long-term rent growth potential. Portfolio sales require buyer qualification, financing awareness, rent roll analysis, operating expense review, and a strong understanding of borough-level submarkets. This transaction demonstrates that Skyline Properties’ investment sales platform is not limited to Manhattan trophy assets.