Westfield Green

$45,125,000
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Description

Five Point arranged the $45,125,000 sale of Westfield Green, a 126-unit rental apartment complex constructed on 14.25 acres on a former driving range at 495 Middle Country Rd., Selden, by Kelly Development of Stony Brook NY The gated community, which opened in June, was purchased by Fairfield Properties of Melville, NY. The complex, which was 97 percent leased, includes 32 workforce housing units, 12 luxury townhomes and 82 apartment flats in 13 buildings. The property, which received tax benefits from the Suffolk County Industrial Development Agency, was sold through a competitive bidding process with several offers. The estate of the seller hired Five Point Real Estate Principal’s Corey Gluckstal along with Platinum Ventures from Cold Spring Harbor in 2018 to guide them through the disposition. Corey Gluckstal and Guy Canzoneri of Five Point Real Estate also represented Fairfield, The transaction closed on Sept. 4

Address

  • Country: United States

Detail

Updated on October 29, 2019 at 3:13 pm

  • Price: $45,125,000

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