CALVERTON, NY– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Thurm’s Estates (top left photo), a 101-acre, 328-space manufactured home community in Calverton, N.Y.
The sales price of $21,740,000 represents $66,280 per space.
Frank “Buddy” Martin and Ian Glasser, manufactured home communities investment specialists in the firm’s Philadelphia and New Jersey offices, respectively, represented the seller, MHC Thurms LLC.
Martin and Glasser also represented the buyer, a Chicago-based manufactured housing investment firm. J.D. Parker (middle right photo), regional manager of Marcus & Millichap’s Manhattan office, also provided representation.
“Thurm’s Estates presented investors with a rare opportunity to purchase a seniors housing community on Long Island,” says Martin. “Long Island is one of the country’s premier markets for manufactured housing.”
Located at 705 Fresh Pond Ave. in Calverton, Thurm’s Estates provides residents aged 55 and over with easy access to Long Island wine country, the Hamptons, Long Island Sound, Flanders Bay and the Atlantic Ocean. Major retail venues, a 182-store outlet mall and several golf courses are located within 10 miles of the property.
Built in 1958, Thurm’s Estates is composed of 155 singlewide spaces and 173 doublewide spaces. The community, which is 100 percent seniors, is serviced by city water and has its own sewage system.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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