AvalonBay Communities, Inc. has retained BlueGate
Partners, LLC on an exclusive basis to arrange the sale of Avalon Charles Pond,
a 200-unit luxury apartment community constructed in 2009 in Coram, Suffolk
County, New York. The Property contains one- and two-bedroom apartment homes with
select units that 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 Avalon Charles Pond presents a
unique opportunity to acquire an outstanding institutional quality asset with
value-add potential.
BlueGate is a boutique real
estate investment banking firm with offices in New York and Palm Beach, and
offers services in the areas of investment sales, portfolio and property
financing, and debt and equity capital raising for real estate projects.