PEF Advisors Acquires Belmont Villas in West Babylon, N.Y.
PEF Advisors has acquired Belmont Villas, a 164-unit senior affordable housing property in West Babylon, N.Y. The property is restricted to residents aged 55 and older with incomes at 60% of Area Median Income (AMI). The acquisition highlights the ongoing demand for affordable housing in high-cost markets like Suffolk County.
Topics: affordable housing Long Island real estate acquisition senior housing Suffolk County