The new owners are in the process of converting the 152-unit residential complex from its current use as conventional town-home rental community apartments to a cooperative community. This allows the residents to have an ownership interest in the community.
Rick Brace, associate broker, and Kevin P. Dillon, senior sales associate, at Dietz represented the seller and buyer in the transaction. Terms of thesale were cash to new financing.
Northampton Village was built in the mid-1960s and is located at 7702 Harcourt Rd., south of 72nd Street. The complex features Old English-style architecture and amenities, including a swimming pool, two tennis courts and a playground.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
