Sale of Wappingers Fall development completed
The sale of a large portion of the townhomes in a development in Wappingers Falls has been completed.
The residences, which are part of The Nature Preserve Townhome development, were purchased at a price of $9.5m. This amount was paid for 38 of the townhomes, which represents a majority of the 53 units.
According to Janet Bortz, who was a representative for both parties during the transaction, the monthly rents for the residences will be between $2,200 and $2,700, which she noted demonstrates that there is a market for luxury rentals in the community. She remarked that she feels this is because many younger people would prefer to rent than buy, as it gives them more freedom without tying up their equity.
Bortz further went on to say that she believes there will be an increase in demand for this type of rental. A company that provides marketing services can create a variety of items that can help to promote developments such as this to prospective tenants, who may be looking for a new place to call home.
The townhome development is located in a 45-acre preserve. Each of the homes has two bedrooms with two and a half baths, gas fireplaces, luxury finishes, and a garage. It is situated 10 minutes away from a Metro North station, and has access to walking trials, a tennis court, and a play area.
The residences, which are part of The Nature Preserve Townhome development, were purchased at a price of $9.5m. This amount was paid for 38 of the townhomes, which represents a majority of the 53 units.
According to Janet Bortz, who was a representative for both parties during the transaction, the monthly rents for the residences will be between $2,200 and $2,700, which she noted demonstrates that there is a market for luxury rentals in the community. She remarked that she feels this is because many younger people would prefer to rent than buy, as it gives them more freedom without tying up their equity.
Bortz further went on to say that she believes there will be an increase in demand for this type of rental. A company that provides marketing services can create a variety of items that can help to promote developments such as this to prospective tenants, who may be looking for a new place to call home.
The townhome development is located in a 45-acre preserve. Each of the homes has two bedrooms with two and a half baths, gas fireplaces, luxury finishes, and a garage. It is situated 10 minutes away from a Metro North station, and has access to walking trials, a tennis court, and a play area.