MALTA, N.Y. — Cushman & Wakefield has brokered the sale of Steeplechase at Malta, a garden-style apartment community in Malta. A privately held real estate firm purchased the 234-unit residential property for an undisclosed price. Constructed in 2006, the property offers a mix of one-, two- and three-bedroom units in 24 buildings. At the time of sale, the community was 98 percent occupied. On-site amenities include a fitness center, pool, clubhouse and jogging and walking trails. The buyer plans to upgrade unit interiors and add amenities. Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Ryan Dowd, Michael Byrne, Karen Iman of Cushman & Wakefield, along with Michael DelVecchio and Julie Todd of Cushman & Wakefield’s affiliate Pyramid Brokerage, represented both the seller and the buyer in the transaction.
The 234-unit Steeplechase at Malta was 98 percent occupied at the time of the transaction.
Cushman & Wakefield Brokers Sale of 234-Unit New York Apartment Community
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