Glen Mill Apartments sold for $19.5 million
The 100-unit Glen Mill Apartments in Glen Cove has been sold for $19.5 million. Credit: Yeong-Ung Yang
A Long Island company has sold a Glen Cove apartment complex for $19.5 million, according to the broker handling the sale and public records.
The 100-unit, garden-style complex at 26 Stephen Oval was sold on Jan. 24 by Glen Mill Apartments Inc., a Glen Cove-based company, according to Jericho-based Ripco Real Estate, which represented the buyer and seller in the deal.
Glen Mill Apartments is linked to Robert Miller, chief executive of Glen Cove-based Miller Realty Associates, according to state incorporation records. The fourth-generation, family-owned company invests in, develops and manages property, according to its website.
Miller did not respond to a request for comment.
The broker who handled the sale for the buyer and seller, Mark Kaplan, chief operating officer and principal at Ripco Real Estate, declined to identify the buyer. The deed is not yet available in public records.
The two-story complex was built in 1955, public records show.
The apartments are all rent-stabilized and are fully occupied, a spokeswoman for Ripco said.
Maura McDermott is a reporter on the investigations desk. Since starting at Newsday in 2012, she has also covered real estate and the business of health care.
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