91-99 Grand Street

  • Description
  • Address

Description

The apartment building at 91-99 Grand Avenue investment sale transaction was part of a two-building portfolio sale consisting of two apartment buildings located within a few blocks of each other in Rockville Centre, NY. The other building, 145 Maple Avenue (32 units) and 91-99 Grand Avenue (52 units) are both rent stabilized and enjoy nearly full occupancy throughout the year. The two-building package sold for $16.05 million.

Benefitting from its proximity to the center of Rockville Centre, the apartments are walking distance from the LIRR, local places of worship, village restaurants, medical care, parks and all the amenities offered by the village of Rockville Centre.

The property has been family and estate owned since the 1950’s and has never been sold. The investment presents a unique opportunity to acquire highly sought-after apartment units in dense, western Nassau County within a forty-five-minute commute to Manhattan.  Five Point Real Estate’s competitive bidding process resulted in a final transaction price greater than the initial and expected asking price.

Address

  • City: Rockville Centre
  • State/county: New York
  • Neighborhood: Rockville Centre
  • Country: United States

PREVIOUS PROPERTY

270 East Main Street

NEXT PROPERTY

36N New York Avenue, Halesite, NY