JLL Arranges $190M Sale of Multifamily Property in Farmingville, New York

MSCI: Multifamily property prices higher in January

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 0.5 percent in January compared to the revised level of the month before. However, multifamily property prices were still down 0.1 percent year-over-year. Defining CPPI MSCI tracks an index called the Commercial Property Price Index (CPPI). The index […] The post MSCI: Multifamily property prices higher in January appeared firs…

JLL Arranges $190M Sale of Multifamily Property in Farmingville, New York

FARMINGVILLE, N.Y. — JLL has arranged the $190 million sale of The Arboretum, a 292-unit, newly constructed multifamily property in Farmingville, located on Long Island. The site spans 62 acres, and the development features a mix of single-family homes and garden-style apartments. Residences come in two- and three-bedroom floor plans and have an average size of 1,682 square feet, with 30 units reserved for workforce housing. The amenity package …