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GFI Realty Services arranges sale of Staten Island residential buildings

GFI Realty Services has arranged the sale of 100 Belmont Place & 101 Daniel Low Terrace in the St. George section of Staten Island for $11.9 million. The six-story elevator apartment buildings occupy a single lot, and span a total of 120,000 square feet. The two properties consist of 112 apartments and 47 parking spaces. 

  • Worth Noting: Constructed in 1966, the multi-family asset features a mix of a 76 one-bedroom units, 24 two-bedroom units, and twelve three-bedroom units.
  • Heard on the StreetGFI’s Matthew Sparks: “The buyer is a local investor with whom we have a long standing relationship. This asset is right in line with his acquisition criteria and he saw the opportunity to create and maintain affordable housing.”

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