December 31, 2015
BlueGate Sells Avalon Charles Pond, an Exceptional Class A Suffolk County, New York Multifamily Investment Opportunity
BlueGate Partners, LLC arranges the sale of Avalon Charles Pond, an AvalonBay owned 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.