Zara Realty, based in southeast Queens, has picked up a multifamily community in Elmhurst in a $21.1 million transaction. The portfolio is located at 51-25 Van Kleeck Street and spans 65,000 square feet. Of the 76 apartments, 51 of the units are rent-stabilized. Zara, which bought the asset from Ved Kawatara of Grand Elm Associates, is a family-run firm that owns more than 2,000 units in the city.
