Summit by Lake apartments sold
SCRANTON - A real estate company has purchased an East Mountain apartment complex for $8 million.
Summit Lake Associates LP, Blakely, bought Summit by the Lake Apartments, a 137-unit complex near Lake Scranton Road, from Bellefonte Associates LP, according to a document filed in the Lackawanna County Recorder of Deeds office. The 15-acre property is situated in Scranton and Dunmore.
Bellefonte Associates, a Teaneck, N.J., company, bought the complex for $399,500 in 1985 from Dunmore businessman Elmo Baldassari, county property records show.
Jay Cooperman, a Newton, N.J.-area businessman, is the general partner in Summit Lake Associates.