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A new multifamily project made possible by Hempstead acquisition

Author: Patrick Huston

An apartment building will be built on the development site that a Long Island real estate company recently closed on in Hempstead.

The site will be transformed into a rental community with 30 market-rate flats by BOSFA, which stands for Buildings Of Sustainable Family Apartments. The 40,686-square-foot structure will contain two floors of flats over two levels of parking for 82 vehicles.

BOSFA Properties, based in Lawrence, paid $1.9 million for two structures at 584 Front St. and 600 Front St., totaling.85 acres. The buildings had formerly served as a law firm’s offices.

There will be six studios, 18 one-bedroom homes, and six two-bedroom units in the new development. The Village of Hempstead granted BOSFA permission for the plan in the spring of the previous year.

The father-and-son partnership of Daniel and Aron Goldstein created BOSFA, which has since bought more than 50 buildings. 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, as well as a number of other mixed-use and multifamily properties, are among the company’s current real estate holdings.

The new Hempstead apartment complex’s construction is scheduled to begin in early 2024 and last for around 18 months.

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

Before relocating to the United States in 1999, Daniel Goldstein handled his family’s real estate business in Israel after beginning his career there as an electrician. Before returning to real estate, he established an electrical contracting business in this city. He then worked on renovating and repositioning a portfolio of thousands of flats.

Aron Goldstein joined his father’s electrical contracting business when he was a youngster and later joined a real estate business that managed more than 3,000 units before starting BOSFA Properties with him. He claims that their most recent endeavour on Front Street shows an improvement.

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