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Recent News

Sam Yedid and Charles Weiss Close $232,500,000 Sale of 915-Unit Apartment Complex

Sam Yedid and Charles Weiss of the Firm’s Real Estate Practice Group successfully closed the $232,500,000 sale of a 915-unit apartment complex in East Patchogue, one of the largest complexes on Long Island.  The project consisted of 626 market-rate apartments and 289 age-restricted apartments for renters age 55 and over on approximately 130 acres, with various including clubhouses, indoor and outdoor pools, a fitness center and tennis courts.  This was the first venture into the New York market for the purchaser, a successful developer who owns thousands of units in New Jersey, Maryland and Virginia.