Transactions - NOVEMBER 3, 2021

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Multi-housing portfolio on Long Island sells for $136m

by Released

Castle Lanterra Properties has acquired a $136 million multi-housing portfolio consisting of two class A communities totaling 316-units in West Hempstead and Hempstead, N.Y.

JLL Capital Markets marketed the properties on behalf of the seller.

The portfolio consists of West 130 in West Hempstead and Metro 303 in Hempstead. West 130 comprises 150-units with one-, two- and three-bedroom units averaging 1,082 square feet. Metro 303 comprises 166-units with studio, one-, two- and three-bedroom units averaging 1,076 square feet.

Units feature custom kitchens with islands or breakfast bars, stainless-steel appliances, walk-in closets, nine- to 10-foot ceilings, in-unit washer and dryers, and balcony/patios. The communities offer garage parking, fitness centers, pool with sundecks, business centers, courtyards with fireside lounges and grilling, and private storage.

Situated at 130 Hempstead Ave. and 303 Main St., respectively, both West 130 and Metro 303 are wal

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