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NYC rental complex changes hands for $135M

Treetop Development purchased the rental complex at 711 Seagirt Ave. in Queens, N.Y.'s Far Rockaway neighborhood from E&M Associates for $135 million, The Real Deal reported, citing the buyer.

The Sand Castle property encompasses four interconnected buildings with 916 rental apartments and eight commercial units.

Westwood Realty Associates represented both the buyer and seller in the transaction.