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Fairfield Pays $16.1M for Two Rockville Centre Apartment Bldgs

Suburban Associates Sells 83 Rent-Controlled Units
January 30, 2018
Fairfield Properties acquired two apartment buildings totaling 83 units in Rockville Centre, NY for $16.05 million, or about $193,000 per unit, from Suburban Associates.

The assets include the 51-unit, 69,818-square-foot multifamily building at 91-99 Grand Ave. and 31 units totaling 33,571 square feet at 145 Maple Ave. The fully rent-stabilized multifamily portfolio was built in the 1970s, within walking distance of Rockville Centre Village and the LIRR.

Guy Canzoneri and Corey Gluckstal of Five Point Real Estate represented both the buyer and the seller in the sale.

Please see CoStar COMPS #4116442 for more information on this deal.
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