Hempstead rental complex has new owner in $107M deal

HVPG Makes Its First Affordable Acquisition in Nassau County

Hudson Valley Property Group (HVPG) has acquired 100 Terrace Apartments, a 420-unit affordable housing property located at 100 Terrace Ave. and formerly known as Jackson Terrace Apartments, in Hempstead, NY. The acquisition, reportedly for $107 million, marks HVPG’s first property in Nassau County and expands the firm’s presence on Long Island, where it also operates a property in Suffolk County. Total project costs related to this transaction a…

Hempstead rental complex has new owner in $107M deal

Hudson Valley Property Group acquired a 420-unit Hempstead apartment complex for $107M and plans $23M in renovations to preserve long-term affordable housing.