Birch Group Acquires Multifamily Property In Long Island For $42.9M

The multifamily property located at 5 Freer St. in Long Island has been sold in a closed transaction. The property consists of 80 units, with a total square footage of 51,849. The sale price for this transaction was $42,850,000, resulting in a price per unit of $535,625 and a price per square foot of $826.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,850,000
• Units: 80
• Price per Unit: $535,625
• Square Footage: 51,849
• Price per Square Foot: $826
• Address: 5 Freer St.
• Market: Long Island

The buyer for this transaction was Birch Group, while the seller was Terwilliger & Bartone Properties. Cushman & Wakefield represented both parties in the deal, with Brian Whitmer, Niko Nicolaou, Ryan Dowd, and Peter Welch serving as the brokers for this transaction.