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Multifamily

Vineyard Commons

Highland, NY

185 Units

Built in 2010

Core Plus

Investment Highlights

  • Lease Trade Outs: 2024 New Move-In and Renewal Lease Increases Average 4.9% (2023 Average: 5.4%)
  • Irreplaceable Asset: Substantially Below Replacement Cost; NRA: 277,330 - ±$250 PSF GBA: 380,744 - ±$179 PSF
  • Significant Loss-to-Lease Upside. Institutionally Operated And Third-Party Managed. Build-to-Rent (Btr) Layouts. Only 20% New Move-Ins; 140 Renewals in 2024.

Exclusively listed by

Broker of Record

John Horowitz

Broker of Record

(212) 430-5100

License(s): NY: 10311204479

New York

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