• Tritec News

Fairfield Properties Buys Long Island Asset for $146M

The Wel

Fairfield Properties has acquired the four-story The Wel in Lindenhurst, N.Y., from a joint venture of Tritec Real Estate and an affiliate of Rockwood Capital for $146 million. The newly constructed multifamily property is the town of Babylon in Suffolk County, along the South Shore of Long Island.

The 260-unit The Wel, located at 75 E. Hoffman Ave., offers studio, one-, two- and three-bedroom apartments, ranging from 599 square feet to 1,832 square feet. Amenities include controlled access, wood cabinets, stone countertops, designer bathrooms, vinyl wood flooring, open floorplans, in-unit washers/dryers, stainless steel appliances, tiled showers and private terraces in select units.

Read the full article in Multi-Housing News.