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75 East Hoffman Avenue
SOLD

Fairfield Properties Acquires Multifamily Property For $146M In Suffolk County, Long Island

75 East Hoffman Avenue

MultiFamily
476,074 SF
clock iconSold 1 year ago
Salvatore Buzzerio
Jason Lundy
Gerard Quinn
+ 6
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Summary

Sale
NEW YORK
MultiFamily
476,074 sqft

The multifamily property located at 75 E Hoffman Ave. in Suffolk County, Long Island has been sold in a closed transaction. The property consists of 260 units and spans a total square footage of 238,037. The sale price for the property was $146,000,000, resulting in a per-unit price of $561,538 and a price per square foot of $613. The transaction took place on March 24, 2022.

Summary of transaction details

The buyer of the property is Fairfield Properties, while the seller is a joint venture between Tritec Real Estate Company, Inc. and Rockwood Capital. The deal was facilitated by brokers Jose Cruz, Steve Simonelli, Andrew Scandalios, Mike Oliver, and Jason Lundy from JLL.

Players

  • All

    9

  • Agents

    8

  • Agencies

    1

Salvatore Buzzerio's profile picture
Salvatore Buzzerio
JLL-image
Analyst
$159.5M Sold
Jason Lundy's profile picture
$828.2M Sold
Gerard Quinn's profile picture
Thomas E. Didio, Jr's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Steve Simonelli, Jose Cruz, Michael Oliver, Andrew Scandalios & Jason Lundy DATE: 03/24/2022 ADDRESS: 75 E Hoffman Ave. MARKET: Suffolk County, Long Island ASSET TYPE: Multifamily BUYER: Fairfield Properties SELLER: JV between Tritec Real Estate Company, Inc. & Rockwood Capital BROKERS: Jose Cruz, Steve Simonelli, Andrew Scandalios, Mike Oliver & Jason Lundy - JLL (@JLL) SALE PRICE: $146,000,000 UNITS: 260 ~ PPU: $561,538 SF: 238,037 ~ PPSF: $613

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Address75 East Hoffman Avenue

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