Cornerstone Yorkshire Lynbrook, NY

Execute CA

The Offering

Address

5 Freer Street
Lynbrook, NY 11563

As exclusive agent, Cushman & Wakefield is pleased to offer for sale a 100% fee interest in the Cornerstone Yorkshire

Situated in the affluent village of Lynbrook on the South Shore of Long Island, NY, this 80-unit Class A luxury mid-rise apartment community is unique in the market as it offers a myriad of competitive advantages. Completed in 2021 in this high barrier to entry submarket, Cornerstone Yorkshire was purposely designed to draw from the area’s affluent demographics and capture a wide range of residents who seek best in class finishes and features including young families, downsizers, empty nesters and working professionals. 

Located just 0.5 miles from Lynbrook LIRR rail station, the transit oriented development offers superior connectivity, allowing residents to be in New York City in just 30 minutes. The community also provides residents with the benefit of suburban living as it abuts a residential neighborhood providing immediate access to recreational amenities and top ranked public schools. Additionally, the Cornerstone Yorkshire’s location just off Sunrise Highway, a major east–west roadway on Long Island, gives residents convenient access to national retailers, numerous top-rated restaurants and shopping destinations. 

To receive access to the online download center, please execute the confidentiality agreement. Tours can be scheduled upon request. A call for offers will be announced at a later date.  


Investment Highlights

• 80 units, featuring high-end modern finishes and highly desirable floorplans

• New construction offers cash flow stability and savings from energy efficient systems and appliances

• 20 Year real estate tax abatement in place generating significant tax savings and certainty due to fixed rate increases

• Luxury unit finishes including quartz counters, stainless steel appliances, plank flooring and oversized closets

• Nicest amenity package in the submarket, offering garages, modern fitness center and outdoor yoga area, lush courtyard with firepit and grilling area, and spacious club room

• Designed to draw from the area’s affluent resident pool, with an average household income in excess of $173K within a 1-mile radius

• Transit oriented community offering service to New York City in just 30 minutes

• Access to numerous parks, golf course and other outdoor amenities

• Minutes from dozens of top-rated restaurants located along Sunrise Highway

Location Map

Sales Inquiries

 

NIKO NICOLAOU
Vice Chairman
+ 1 201 426 2227
niko.nicolaou@cushwake.com

BRIAN WHITMER
Managing Partner - RePropCo
+ 1 773 562 5240
bwhitmer@repropco.com

RYAN W. DOWD
Managing Director
+ 1 201 508 5278
ryan.dowd@cushwake.com

PETER WELCH
Financial Analyst
+ 1 201 508 5267
peter.welch@cushwake.com


LOCAL MARKET EXPERTISE


DANIEL A. ABBONDANDOLO
Executive Director
+ 1 631 524 1232
daniel.abbondandolo@cushwake.com

JOEGY RAJU
Senior Associate
+ 1 631 425 1216
joegy.raju@cushwake.com