April 22, 2022
BlueGate Partners Secures Debt & Equity Capital for the Construction of The Langdon in Lynbrook (Long Island), NY
Working on behalf of co-developers Breslin Realty Development Corp. and Fields Grade Development, BlueGate Partners has successfully executed the capital raise for the $109 million, 201-unit Class- A transit-oriented multifamily development, located in Lynbrook, New York. Situated on the prestigious South Shore of Nassau County, Long Island, The Langdon is in the center of a full-service suburban town with all the conveniences of urban living, and is steps away from the Lynbrook Long Island Railroad Station with a 35-minute direct commute to Manhattan. Equally convenient to major employment centers, airports, and beaches, once delivered, this property will offer its residents an excellent mix of road, rail, and air transportation access.
The Langdon will consist of 55 studios, 111 one-bedroom units and 35 two-bedroom apartments, as well as 2,000 square feet of ground-floor retail space and onsite parking for 205 vehicles. Construction is expected to begin within 60 days and to be complete in summer 2024.
The BlueGate team of Lee Spiegelman, Mark DeLillo, Marc Schulder and Felipe Marin secured the financing on behalf of the development team.