GBFOH 49 North Central LLC Acquires Multifamily Asset At 49 North Central Avenue For $33.375M

The property involved in this transaction is a multifamily asset located at 49 North Central Avenue in Valley Stream. The sale was finalized on January 28, 2026, with a trade price of $33,375,000. The total square footage of the property is approximately 74,681, resulting in a price per square foot of $447.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,375,000
• Sale Date: 01/28/2026
• Address: 49 North Central Avenue
• Market: Valley Stream
• Square Footage: 74,681
• Price Per Square Foot: $447
• Buyer: GBFOH 49 North Central LLC
• Seller: Bill Kefalas - Kay Development

This transaction includes the acquisition of the Promenade Central at 49 N. Central Ave. for $24.25 million and The Vantage at Roosevelt for $9.125 million, both handled by affiliates of Gary Broxmeyer.