18-30 Edgewater Pl - Apartments FOR SALE


Beacon, NY 12508
$52,500,000 USD
212-544-9500
18-30 Edgewater Pl, Beacon, NY for Sale
$52,500,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

18-30 Edgewater Pl
Beacon, NY 12508


HIGHLIGHTS

  • Newly built luxury multifamily community completed in 2024.
  • Scenic Hudson River and mountain views from every building.
  • Located in a supply-constrained market with 1.6% vacancy.
  • Quick access to Metro-North with under 90-minute NYC commute.
  • Walkable to Beacon’s Main Street shops, dining, and cultural venues.
  • Premium finishes, private terraces, and modern in-unit amenities.

OVERVIEW

New Construction Luxury Community: A premier, modern asset completed in 2024, significantly minimizing immediate capital expenditure needs. Desirable Institutional Scale: Spans approximately 94,737 gross square feet across 3 separate buildings, containing a total of 106 luxury units. Strategic Residential Unit Mix: Comprises an optimized distribution of layouts, including 15 studios, 51 one-bedroom units, 18 two-bedroom/one-bath units, 20 two-bedroom/two-bath units, and 2 premier three-bedroom suites. Premium Waterfront Design & Views: Features large picture windows, spacious layouts, private terraces, stainless-steel appliances, and in-unit laundry paired with scenic Hudson River and mountain views. Thriving Hudson Valley Submarket: Located in Beacon, NY - a supply-constrained market with a remarkably low 1.6% vacancy rate. Walkable Downtown Proximity: Situated just minutes from Beacon’s vibrant Main Street retail and restaurant hub, boutique shops, and local cultural anchors like the Dia:Beacon museum. Direct Metro-North Commuter Access: Offers seamless connectivity to Manhattan via the nearby MTA Beacon Train Station, featuring hourly direct service and a "Super Express" service reaching Grand Central Terminal in under 90 minutes. Protected Market Position & Exceptional Insulation: Positioned as a dominant asset in a severely supply-constrained and highly restrictive development landscape, virtually shielding the property from immediate future rental competition.

FOR SALE DETAILS

PRICE

$52,500,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

106

PRICE/UNIT

$495,283

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edgewater Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.97 AC

LAND SF

521,413 SF

ZONING

RD-3

APN/PARCEL ID

130200-5955-19-590022-0000

ASK ABOUT THIS PROPERTY

Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.