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 Street: GFI’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.”