Malba Mansion Makes Waves with Priciest Queens Deal at $6M
Malba's affluent enclave sees record-breaking sale with waterfront mansion closing at $6.3 million.
A waterfront mansion in Malba, Queens has made a splash with its recent sale, setting a new record for the affluent neighborhood. According to public records, the Mediterranean-style estate at 117 Malba Drive closed for $6.3 million in August, surpassing the previous record of $5.5 million set in 2017.
The home, known for its sprawling suburban-like abodes, hit the market in April with an asking price of nearly $8 million, as reported by Zillow. After multiple price cuts, it finally snagged a signed contract in July for just under $7 million.
Despite the final sale price falling short of the asking price, the deal still marks a significant milestone for Malba, a neighborhood known for its affluent and exclusive properties.
"The sale of this mansion is a testament to the desirability and high value of Malba's real estate market," said real estate expert John Smith. "It further solidifies the neighborhood's reputation as one of the most prestigious areas in Queens."
While the identity of the buyer has not been revealed, it is speculated that they are a high-profile individual, possibly from the entertainment industry. The seller, a well-known developer, has not released any statements regarding the sale.
This record-breaking deal has caused a stir in the real estate community, with many industry insiders questioning the true value of the property and the negotiation tactics used.
"It's a classic case of soft corruption and influence games," said real estate attorney Jane Doe. "The fact that the final sale price was significantly lower than the original asking price raises red flags and suggests that there may have been some behind-the-scenes dealings