爱上海龙凤论坛,上海贵族宝贝论坛,上海千花网论坛-Powered by Bluechip!

  • Friedkin Realty

    2019年6月14日 By wh1 0 comments

    Long Island multifamily complex trades hands for $150M The resi properties have a combined 311 units in Mineola

    The Hudson House and Allure House in Mineola with Friedkin Realty Group chairman Morton Friedkin

    Long Island just saw one of priciest sales of a single multifamily property in the last five years.

    Friedkin Realty Group bought the Allure and Hudson House in Mineola for $150 million from JPMorgan Asset Management, according to JLL, which facilitated the sale and represented the buyer.

    The deal is the second priciest deal for a single multifamily asset on Long Island in the last five years, according to the brokerage. The pr上海同城对对碰交友社区

    上海夜网论坛
    ice works out to roughly $482,000 per unit.

    JLL’s Thomas Walsh, Joseph Garibaldi, Kelly Gaines, Ray Ruiz, Katelyn Borovksy and Heather Lombardi worked on the deal.

    Bo上海千花网论坛

    上海千花网
    th properties were owned and developed by Mill Creek Residential and JPMorgan, which bought out Mill Creek’s stake roughly two years ago. Mill Creek’s other New York properties include Modera Metro Mineola and Modera Hudson Riverfront in Yonkers.

    The Allure, at 140 Old Country Road, has 275 rental units spanning five stories. The building was completed in 2015, and amenities include a f爱上海同城手机版

    新爱上海同城对对碰论坛
    itness center, golf simulator and two courtyards. Hudson House, at 104 Front Street, is adjacent to the Allure. The senior-living property has 36 income-restricted units.

    “Over the past decade, the village of Mineola has leverag上海贵族宝贝交流区

    上海贵族宝贝论坛
    ed its location, infrastructure and unique assets to become the poster child for suburban/urban downtown redesign,” Walsh said in a statement.

    San Francisco-based Friedkin Realty couldn’t immediately be reached for comment. The company’s portfolio includes multifamily properties across the country. Its other New York property is the Point at Pine Ridge, also on Long Island. The 450-unit project is near Pine Ridge Golf Club.

    In 2018, Friedkin also bought an apartment building in Stamford from Fuller Development LLC and Spinnaker Real Estate Partners for $78 million — the largest multifamily sale in the city last year.

    The deal for the Allure and Hudson House isn t the only recent pricey trade on Long Island. Lone Star Funds just sold a seven-property multifamily portfo爱上海同城对对碰

    爱上海同城论坛
    lio to Fairfield Properties and Maryland-based real estate investor FCP for $472.5 million.

    Tags: Commercial Real Estate, long island, Multifamily Market, Tri-state
    We are having some technical difficulties. Try again later.

    By clicking Subscribe you agree to our Privacy Policy.

Leave a Comment

Your email address will not be published. Required fields are marked *

To Top