Marcus & Millichap Arranges the Sale of The Horizon at Roslyn in Long Island New York
ROSLYN, N.Y., March 19, 2021– Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of The Horizon at Roslyn, a 50-unit, 55-plus age-restricted luxury apartment building in Roslyn, New York. The asset sold for $33 million, or $660,000 per unit, which is the highest price per unit for a Long Island multifamily property over 10 units.
Michael Tuccillo, Anthony Cerrone and Nicholas Tuccillo in Marcus & Millichap’s Manhattan office had the exclusive listing to market the property on behalf of the seller, Horizon at Roslyn LLC, and secured the buyer, Fairfield Knolls LLC.
“The quality of The Horizon at Roslyn’s luxury apartments and the breathtaking views were the main drivers of the investment,” said Michael Tuccillo. “The record price per unit is a clear indication that Long Island is a prime market for investors.” The Horizon at Roslyn is located at 61 Bryant Ave., minutes from Downtown Roslyn Village, near golf courses, parks, and the harbor area.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.