Rockland Apartments Trade to Harbor Group for $54M
CBRE finalized the $54-million sale of The Henry, a 169-home luxury apartment community located in the Rockland County community of Pomona, NY. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller, a joint venture between Spirit Investment Partners and The Bascom Group, while also procuring the buyer, an affiliate of Harbor Group International.
Built in 2001 and recently renovated, the highly amenitized community features a resident clubroom, pool and sundeck, billiards room, fitness center and basketball courts. The apartments have designer finishes with granite countertops, plank flooring, stainless steel appliances, tile backsplash and updated hardware and lighting.
“We are pleased to represent Spirit Investment Partners and The Bascom Group in the sale of this asset,” said Dunne. “The offering received significant interest from a broad group of investors considering the quality of the asset and site constrained-location.”