A new multi-family project made possible by the acquisition of Hempstead

A new multi-family project made possible by the acquisition of Hempstead

#multifamily #project #acquisition #Hempstead Welcome to Alaska Green Light Blog, here is the new story we have for you today:

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A residential home is being built on a lot recently closed in Hempstead by a Long Island real estate company.

The site will be converted by BOSFA, which stands for Buildings Of Sustainable Family Apartments, into a rental community with 30 standard apartments. The 40,686 square meter structure will have two floors with apartments on two parking levels for 82 vehicles.

Lawrence-based BOSFA Properties paid $1.9 million for two buildings at 584 Front St. and 600 Front St. totaling 0.85 acres. The buildings used to be the offices of a law firm.

There will be six studios, 18 one bedroom apartments and six two bedroom units in the new development. The village of Hempstead gave BOSFA approval for the plan last spring.

Daniel and Aron Goldstein’s father-son partnership founded BOSFA, which has since purchased more than 50 buildings. These include the 124-unit Rivoli House and 60-unit Hilton Gardens in Hempstead, the 36-unit Pearsall Gardens in Freeport, the 176-unit Bayview Estates in Inwood, and a number of other mixed-use and multifamily properties in the Company’s current real estate portfolio.

Construction of the new Hempstead residential complex is scheduled to begin in early 2024 and take around 18 months to complete.

A 244-unit senior living complex called Franklin Senior Gardens in Hempstead and a 120-unit residential building called Clinton Manor are two other Hempstead projects that BOSFA intends to construct.

Before moving to the United States in 1999, Daniel Goldstein ran his family’s real estate business in Israel, having started his career there as an electrician. Before returning to real estate, he founded an electrical company in this city. He then worked on the renovation and repositioning of a portfolio of thousands of apartments.

Aron Goldstein joined his father’s electronics company as a youngster and later moved to a real estate company managing more than 3,000 units before co-founding BOSFA Properties. He claims their recent venture on Front Street shows improvement.

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