A joint venture between affiliates of Cantor Fitzgerald and Harbor Group International, has acquired Avalon Mamaroneck, a 229-unit, class-A multi-family community in the Westchester County suburb of Mamaroneck, N.Y.
“Mamaroneck has many of the desirable attributes we target when acquiring multifamily properties, including a well-educated and high-earning workforce, supply constraints for new construction, and an imbalance between the cost of renting an apartment and home ownership,” said Matthew Keefer, head of multifamily acquisitions at Cantor Fitzgerald Asset Management.
Avalon Mamaroneck was built in 1999 and renovated in 2018. The property is a premier community offering amenities such as washers and dryers, stainless-steel appliances, walk-in closets and balconies. Avalon’s property amenities include a pool, barbeque stations, resident lounges, a fitness center and package assistance.
Avalon Mamaroneck, about 20 miles north of Manh