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Dara Gardens

15010 71st Ave., Flushing, Queens, NY
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Dara Gardens is a 534-unit co-operative apartment complex located in Kew Gardens, Queens. Allied acquired the 400 unsold units from the Sponsor, refinanced the underlying  mortgage  and  increased  cash  flow  through  extensive  renovations, upgrading and re-renting of the apartments as the rent stabilized units vacated. Allied ultimately sold the units in bulk at a substantial profit.