Laura Hines-Pierce Of Hines Acquires Multifamily Asset From Mahbod Nia Of Veris Residential For $63M

The property involved in the transaction is a multifamily asset located at 64 Midland Place in Tuckahoe. It comprises 108 units, with a price per unit of $583,333, culminating in a total sale price of $63,000,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $63,000,000
• Units: 108
• Price Per Unit: $583,333
• Buyer: Laura Hines-Pierce - Hines
• Seller: Mahbod Nia - Veris Residential
• Brokers: Jose Cruz & Steve Simonelli - JLL

The sale was brokered by JLL Capital Markets, which facilitated the transaction between the buyer, Hines, and the seller, Veris Residential. This deal reflects the ongoing activity within the multifamily market in Tuckahoe, NY.