HVP Acquisition- Echo Bay Apartments, 44 units and water views located in New Rochelle, New York.

May 1, 2009

New Rochelle, NY: May 2009 - The Principals of HarborView Properties have announced their latest acquisition of Echo Bay Apartments a 44-unit, 6-story apartment building located at 126 Franklin Avenue in the Echo Bay section of New Rochelle, NY. The property was purchased from a long-term owner for $4,750,000. The project was financed with the First National Bank of Long Island and then with M&T Bank. .

 

Echo Bay Apartments are situated just off of the Pelham-Shore Road and has views of the Long Island Sound and the Hudson Park Beach and Marina. The Echo Bay was originally constructed in 1960. The upper floor residences offer direct views of Long Island Sound. There is on-site parking and a large under-building garage.

 

HarborView will make significant renovations to apartments and common areas. HarborView will manage and operate the property as well as oversee all building renovations.


HarborView
Properties owns, operates and manages mid-range apartment buildings in the New York (NY, NJ and CT) metropolitan area. For information contact Dale Kaufteil (914) 834-4488.