
Brewster, NY Hakimi Capital Group acquired a two-building medical office portfolio for $2.2 million.
Located at 3839 & 3845 Danbury Rd., the buildings comprise 27,000 s/f, occupied by a single tenant, Alliance HealthCare Services.
Steven Salomone of Houlihan Lawrence brokered the deal. The seller of 3839 Danbury Rd. was Dingle Ridge Plaza, Inc. and G&N Realty LLC sold 3845 Danbury Rd.
The closing date was December 10, 2020.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,