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.