Property
Avalon Charles Pond
Location
Coram, NY
Size
200 Units
Value
$51M
Type
Sale

Avalon Charles Pond

BlueGate Partners has been retained on an exclusive basis to arrange for the sale of Avalon Charles Pond, a 200-unit luxury apartment community constructed in 2009 in Coram, Suffolk County, New York (the “Property”). The Property contains one- and two-bedroom apartment homes that range in size from 723 to 1,399 square feet, and select units include desirable loft and/or den layouts. Spread throughout nine, three-story buildings, the 12 unique floor plans feature gourmet kitchens with contemporary cabinetry, spacious walk-in closets and private balconies or patios. The Community also offers a wide range of amenities including a resort-style swimming pool with sundeck, a state-of-the-art fitness center, a fully-furnished resident clubhouse with lounge and billiards room, a landscaped barbeque area and a children’s playground. Located conveniently close to shopping and local amenities, and enjoying easy access to major thoroughfares, the Property presents a unique opportunity to acquire an outstanding institutional quality asset with value-add potential.