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The Hawthorne Apartments
OVERVIEW
The Hawthorne is a 90 unit, 100,000 sf boutique luxury transit oriented apartment building located in Valley Stream, Long Island. Originally conceived and built to be condominiums but ill-timed given market conditions. Acquired the Property via short sale from original construction lender, negotiated purchase of fee from original developer. Completed construction and delivered a best in class rental product in a market starved for luxury residential housing. Sold to an institutional buyer.
KEY FACTS
Location
Valley Stream, Long Island, NY 11580
Asset Type
Multifamily Residential
Participation
Business Plan
Purchase non-performing loan and fee/Complete construction/Lease up/Sale
Acquisition
LOCATION
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