Michael Tuccillo & Nicholas Tuccillo Of Marcus & Millichap Procure Buyer For Jackson Terrace Apartments Sale In Hempstead For $107M

This multifamily property, identified as Jackson Terrace Apartments, is located at 100 Terrace Avenue in Hempstead. It features 420 units and has a total square footage of 594,377. The property was sold for $107,000,000, resulting in a price per unit of $254,761 and a price per square foot of $180.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $107,000,000
• Units: 420
• Square Footage: 594,377
• Price Per Unit: $254,761
• Price Per Square Foot: $180
• Buyer's Representative: Michael Tuccillo & Nicholas Tuccillo - Marcus & Millichap
• Seller's Representative: Michael Florey

The Tuccillo Group of Marcus & Millichap, represented by Michael Tuccillo and Nicholas Tuccillo, played a pivotal role in procuring the buyer for this transaction. Michael Florey represented the seller, highlighting the collaboration between these key industry professionals in facilitating this sale.