Fairfield Properties Acquires Multifamily Property On Middle Country Road In Selden For $45.1M

The multifamily property located at 495 Middle Country Road in Selden has been sold in a closed transaction. The property spans 181,180 square feet and consists of 126 units. The sale price for the property was $45,125,000, resulting in a price per square foot of $249 and a per unit price of $358,134. The asset was listed for an asking price of $47,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $45,125,000
• Address: 495 Middle Country Road
• Market: Selden

Kelly Development, represented by Mike Kelly, sold the property to Fairfield Properties, represented by Gary and Michael Broxmeyer. The deal was finalized with the assistance of Corey Gluckstal and Guy Canzoneri of Five Point Real Estate.