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Capstone Properties Acquires Multifamily Property In Long Island For $138.3M

211 Hawthorne Avenue
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This MultiFamily property located in NY was sold for $138,250,000 almost 2 years ago. The brokers of the deal were Steve Simonelli, Jose Cruz, Michael "Mike" Oliver, Andrew Scandalios, and Josh Stein

Capstone Properties has acquired a multifamily property located at 211 Hawthorne Ave. in Long Island. The property, consisting of 434 units, was sold by Abacus Capital Group for a total price of $138,250,000. The purchase price equates to approximately $318,548 per unit and the property spans 321,205 square feet with a price per square foot of $430.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $138,250,000
  • Units: 434
  • Price per Unit: $318,548
  • Total Square Footage: 321,205
  • Price per Square Foot: $430
  • Market: Long Island

The transaction was facilitated by JLL, with brokers Steve Simonelli, Jose Cruz, Michael Oliver, Kevin O'Hearn, Andrew Scandalios, and Josh Stein representing both the buyer, Capstone Properties, and the seller, Abacus Capital Group.

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Deals
  • Location
    211 Hawthorne Avenue, New York City, New York 11001, United States211 Hawthorne Avenue, New York City, New York 11001, United States
  • Sale Price
    $138,250,000$138,250,000
    $430 PPSF$430 PPSF
  • Area
    321,205 SF321,205 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Josh Stein

Josh Stein

Deals8
Financed$851.4M

Steve Simonelli

Steve Simonelli

Deals29
Financed$2.9B

Andrew Scandalios

Andrew Scandalios

Deals43
Financed$6.8B

Jose Cruz

Jose Cruz

Deals66
Financed$5.6B

Michael "Mike" Oliver

Michael "Mike" Oliver

Deals29
Financed$2.1B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Steve Simonelli, Jose Cruz, Michael Oliver, Kevin O'Hearn, Andrew Scandalios & Josh Stein DATE: 06/22/2022 ADDRESS: 211 Hawthorne Ave. MARKET: Long Island ASSET TYPE: Multifamily BUYER: Capstone Properties SELLER: Abacus Capital Group BROKERS: Steve Simonelli, Jose Cruz, Michael Oliver, Kevin O'Hearn, Andrew Scandalios & Josh Stein - JLL (@JLL) SALE PRICE: $138,250,000 UNITS: 434 ~ PPU: $318,548 SF: 321,205 ~ PPSF: $430

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211 Hawthorne Avenue

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