42-unit Farmingdale apartment complex sells to Fairfield Properties

Melville-based Fairfield Properties is in contract to scoop up a 42-unit apartment building in downtown Farmingdale for $15.55 million, Long Island Business News reported. Completed in 2016 by Terwilliger & Bartone Properties, The Cornerstone, as it’s called, will become Fairfield’s seventh rental complex near the Farmingdale LIRR station. The company owns about 10,000 apartments throughout Long Island and Queens. The sale must still be approved by the Nassau County Industrial Development Agency. Apartments in the 27,841-square-foot Cornerstone go for up to $3,395 a month. [LIBN]