Fairfield Properties Buys 214 Units on Long Island
The company has purchased the luxury multi-housing community, Southpoint of Massapequa, from JRK Property Holdings.
MASSAPEQUA,NY – Fairfield Properties has acquired a 214-unit, luxury multi-housing community in Massapequa, NY from JRK Property Holdings.
Situated on the South shore of Long Island, the acquired property, Southpoint of Massapequa, offers one-, two- and three-bedroom units that average 987 square feet. Certain units, including some townhouse style units, feature stainless steel appliances, renovated kitchen and baths, granite countertops, private entry, bay windows and patios and balconies.
The community additionally features a resort-style pool, a sundeck, a fitness center, a dog park, an outdoor barbeque area and valet trash collection.
The property is situated off of NY-27 and is located near coastal locations such as Jones Beach and Fire Island.
JLL completed the sale. A JLL capital markets sales and advisory team, led by managing directors Steve Simonelli and Michael Oliver, senior managing directors Jose Cruz, Kevin O’Hearn and Andrew Scandalios, and analyst Josh Stein, represented the seller in the transaction.
“Interest in Long Island multi-housing communities continues to be at an all-time high,” says Simonelli. “The quality of the property and location, along with the upside in rents at Southpoint drew interest from national institutional investors as well as the local and regional private investors.”