NYC Chetrit Family Buys 3 JAX Apartment Communities for $64k/u
The Chetrit family, of New York City, purchased three small apartment communities in the JAX area for about $19.9M, or about $64,200/unit for the 310 units. The communities are Rivers End at 5520 Collins Road on the southwest side of town, and on the east side, Pine Barrens at 11750 Alden Road, and Villas at Bridgepoint at 1500 Monument Road. The seller was NJ-based Empire American Holdings. Carole Hawkins of The Daily Record has the story.