CBRE Negotiates Sale of 656-Unit Apartment Community on Long Island
HAUPPAUGE, N.Y. — CBRE has negotiated the sale of Devonshire Hills, a 656-unit apartment community located in the Long Island city of Hauppauge. The community was developed as two separate properties in phases between 1966 and 1969 and combined in 2001. Units feature studio, one-, two- and three-bedroom floor plans, and amenities include two pools, tennis courts and two playgrounds. David Gavin and Eric Apfel of CBRE represented the seller, Bainbridge Cos., in the transaction. The duo also procured the buyer, Renaissance Management, a family office based in metro New York.