Harrison Multifamily Project Sells for Nearly $16 Million
Real Estate In-Depth | May 4, 2021
HARRISON—White Plains-based development firm Lighthouse Living has sold the 36-unit Wood Works multifamily property at 550 Halstead Ave. in Harrison for $15.6 million.
The sale was reported by commercial brokerage firm CBRE on May 4. The identity of the buyer was not disclosed. The CBRE team of Jeffrey Dunne, Gene Pride, Eric Apfel, Jeremy Neuer, Steve Bardsley and David Gavin represented Lighthouse Living in the transaction. Marcus & Millichap’s White Plains office tells Real Estate In-Depth that Jim Evans and Victoria Fisher of Marcus & Millichap (White Plains office) represented the purchaser in the transaction.
The community, built in 2017, features a rooftop deck with outdoor TVs, fitness room and covered parking, while apartments feature quartz countertops, plank flooring, oversized windows, walk-in closets and baths with designer finishes.
“We are pleased to have represented Lighthouse Living in the sale of Wood Works. New ownership should have much success with this well located and designed apartment community in the great Town of Harrison,” said CBRE’s Dunne.
“The offering received considerable interest from the market which is a testament to the quality of the property. Lighthouse Living does an exceptional job developing highly desirable assets that are fantastic places for residents to live given the quality of the location in a building with robust amenities that are tailored to the affluent renters in the market,” added CBRE’s Pride.
CBRE Institutional Properties is currently marketing for sale: The Westporter, a 28-unit multifamily community in Westport, CT; Parc Grove, a 402-unit multifamily community in Stamford, CT; Stamford Commons, a 95-unit multifamily community in Stamford, CT; The Henry, a 169-unit apartment community in Pomona and 77 West Post Road, a 400-unit multifamily development site in White Plains.