Arker Companies L&M Development Partners LIHC Investment Group Acquire Multifamily Complex In Staten Island For $364.7M

A three-parcel, 1,103-unit apartment complex located at 200 Park Hill Avenue, 280 Park Hill Avenue, and 225 Park Hill Avenue in Park Hill, Staten Island was sold for $364,700,000. The price per unit is approximately $330,644. This multifamily asset includes three distinct properties contributing to the overall transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $364,700,000
• Units: 1,103
• Buyer: Allan Arker, Alex Arker, Daniel Moritz - Arker Companies; Lisa Gomez - L+M Development Partners, LIHC Investment Group
• Seller: Michael Shah - Delshah Capital

The deal involved notable participants, including Allan Arker, Alex Arker, and Daniel Moritz, who represent Arker Companies, and Lisa Gomez, representing L+M Development Partners and LIHC Investment Group. Michael Shah represented Delshah Capital in the transaction.