Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Brokers Sale of Farmingdale, N.Y., Multifamily Asset

12/17/2019
A newly-constructed, luxury mid-rise apartment community has sold in Nassau County, announced commercial real estate services firm Cushman & Wakefield.

Farmingdale, NY – A newly-constructed, luxury mid-rise apartment community has sold in Nassau County, announced commercial real estate services firm Cushman & Wakefield. A team of capital markets specialists based in New York and New Jersey brokered the trade of The Jefferson at Farmingdale Plaza – representing the seller, a joint venture of H.I.G. Realty Partners and JPI, and procuring the buyer, Fairfield Properties.

Located on 2.5 acres at 148 South Front Street, the 154-unit rental community sits adjacent to the Farmingdale LIRR rail station in downtown Farmingdale. “This transit-oriented development offers superior connectivity, allowing residents to reach New York Penn Station in just 49 minutes,” said Cushman & Wakefield’s Kevin Donner, who co-headed the transaction with Brian Whitmer, working in conjunction with their teams including Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt, Ryan Dowd and Mark Phillips in New Jersey and Adam Spies and Michael Collins in New York. “The Jefferson is also located one block from Farmingdale’s Main Street, well-known for its active nightlife scene, numerous restaurants and shops.”

Built in 2015, The Jefferson at Farmingdale Plaza features two, three-story buildings with open concept floor plans, high-end finishes and a market-leading amenity package. Residents enjoy ample parking; a health club with a yoga studio and aerobics center; fully equipped business lounge; club room with billiards, shuffleboard and gaming consoles; movie theater with a media center and more. The property also features 20,000 square feet of retail leased to a desirable tenant mix, including Starbucks, TAO Asian Bistro and Eastern Breeze spa.

“This community has drawn renters seeking to live within a dynamic, amenity-rich and transit-oriented area,” Whitmer noted. “Farmingdale has experienced sustained growth and development over the past few years with The Jefferson well-positioned to benefit as one of the centerpieces of the town’s renaissance.”

Cushman & Wakefield’s New Jersey capital markets team, based in East Rutherford, specializes exclusively in office, industrial, multifamily, land and retail property trades throughout New Jersey, New York and Fairfield County, Conn. The group has completed $32 billion worth of transactions since 2000, closing over $3.3 billion in sales in 2018.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Cushman & Wakefield Media Contact

Michael Boonshoft New York Communications
Michael Boonshoft

Director, Americas PR & External Communications • New York

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS