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Marcus & Millichap Negotiates Sale of 420-Unit Affordable Housing Complex on Long Island
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Marcus & Millichap Negotiates Sale of 420-Unit Affordable Housing Complex on Long Island
HEMPSTEAD, N.Y. — Marcus & Millichap has negotiated the sale of Jackson Terrace Apartments, a 420-unit affordable housing complex located in the Long Island community of Hempstead. The six-story building was originally constructed in 1972. Michael Tuccillo of Marcus & Millichap represented the buyer, an affiliate of Hudson Valley Property Group, in the transaction. The seller was self-represented. The new ownership plans to invest about $23 mill…
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