Long Island multifamily complex trades hands for $150M
Long Island just saw one of priciest sales of a single multifamily property in the last five years. Friedkin Realty Group bought the Allure and Hudson House in Mineola for $150 million from JPMorgan Asset Management, according to JLL, which facilitated the sale and represented the buyer. The deal is the second priciest deal for a single multifamily asset on Long Island in the last five years, according to the brokerage. The price works out to roughly $482,000 per unit.