Marcus & Millichap Brokers $118M Multifamily Asset Sale in Long Island

Commercial real estate brokerage Marcus & Millichap announced the sale of The Vistas of Port Jefferson, a 244-unit, age 55-plus multifamily property in Port Jefferson Station, New York. The asset sold for $118 million, or $483,607 per unit.

Built in 2019 on 27 acres, the 30-building property is located on the North Shore of Suffolk County, in Long Island. Northwell Mather Hospital is nearby. The unit mix is 36 one-bedroom and 144 two-bedroom flats, and 64 two-bedroom townhouses. Read more.

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