The Cornerstone Hauppauge to
a joint venture between two
institutional partners.
The developer built the 55+
luxury community in Hauppauge, N.Y. in 2019 at a cost of $22.5 million,
according to documents filed with the Town of Islip IDA.
The CBRE team of Jeffrey Dunne,
Gene Pride, Travis Langer and Zach McHale, along with Aron Will and Austin
Sacco of CBRE’s Senior Housing Group, represented the seller and procured the
buyer.
The Class A multifamily community offers tis residents a clubhouse and lounge, conference room, caterer’s kitchen, fitness center and outdoor grill. The apartments feature designer finishes with quartz counters, stainless steel appliances, vinyl plank flooring, tile backsplash and pendant lighting.