The Rose at Great Neck

Great Neck, NY

Condo - Construction

The Rose at Great Neck

CONDO - CONSTRUCTION

ACRES Capital Corp. has originated a $34 million loan to fund the construction of The Rose at Great Neck Condominiums in Great Neck, NY. The Property will consist of 40 for-sale luxury condominium units on 3 stories with 80 garage parking spaces on 1.22 acres.

The Rose at Great Neck will feature:

One – 1 bedroom/1 bathroom, thirty-six – 2 bedroom/2 bathroom, three – 3 bedroom/2-bathroom units across 48,720 SF.
High-end finishes and appliances including washers and dryers, marble countertops, custom wood cabinetry and hardwood floors.
Amenities including a full-time doorman/concierge, a fitness center, and a roof deck.

With proximity to transportation links to Manhattan via a Long Island Railroad station less than one mile away and a highly rated and sought-after school district, The Rose at Great Neck is well situated for both the primary demographic targets of families and young professionals, as well as those looking to downsize their living situations.

$34 Million

Loan Amount

Construction Loan

Loan Product

“ACRES is pleased to provide funding for The Rose at Great Neck located within the highly sought-after Northern Nassau County market. The completed project will offer conveniently located, in-demand, luxury housing options for families, professionals and empty nesters, alike.”

- Mark Fogel

ACRES CEO and President

RELATED TRANSACTIONS

2400-2500 North Miami Avenue

LAND – REFINANCE

Deacon’s Station

STUDENT HOUSING – REFINANCE

City Villas, San Diego, CA

MULTIFAMILY – ACQUISITION

Construction • Bridge • Permanent

GLBA Privacy Notice | Privacy Policy | Terms of Service | Registered SEC Investment Adviser

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.