Multifamily Ground-Up Construction

Harrison, NY

Multifamily - Ground-Up Construction

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Harrison, NY

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Multifamily Ground-Up Construction

MULTIFAMILY - GROUND-UP CONSTRUCTION

A 24-unit multifamily luxury rental property is coming soon to Harrison, N.Y., thanks to a $20 million loan funded by ACRES. Located in Downtown Harrison, within walking distance of a Metro-North train station, the property will be comprised of the following:

15 townhouses
An average size of 2,300 square feet
Nine penthouses with private roof decks and fireplaces that will range in size from 1,500 to 2,000 square feet
Spacious two-bedroom and three-bedroom floorplans
Landscaped rooftop lounge, private rooftop cabanas for outdoor dining, 40 covered parking spaces, and direct access to ground-floor retail

Ranked as the fifth wealthiest suburb in the U.S. in 2018, Harrison offers a first-rate living environment without the taxes associated with homeownership in Westchester County.

$20 Million

Loan Amount

30 Months

Loan Term

Construction Loan

Loan Product

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.