MIDDLETOWN, N.Y. – The Point at Sutton Hill is fast approaching the impressive mark of 75% leased as Value Companies, Inc. quickly moves forward with the rental and development programs at the new collection of the 112 apartment homes in the Orange County town of Middletown, New York.
More than 70 residents have already moved into the community, according to the Clifton, N.J.-based owner/developer/manager of The Point.
Leasing is currently underway on the latest phase of the 112 rental homes and Value Companies is now taking reservations on the final three apartment buildings, indicates Jack Linefsky, Vice President of Property Management for the Value Companies.
“Many of the homes in our newest building which is expected to be completed shortly have already been spoken for,” says Mr. Linefsky. “As a result, we’re preparing to begin the final phase which will be released this fall and ready for occupancy by the end of 2011.”
The Point at Sutton Hill features state-of-the-art one-, two-and three-bedroom garden-style homes in ten residential buildings. Homes range from 773 to 1,234 square-feet with monthly rents ranging from $1,225 to $1,800.
The Point at Sutton Hill differentiates itself thanks to a host of modern features in each apartment home such as a washer and dryer, individually controlled central air and heat, fully equipped kitchens and spacious walk-in closets. Additionally, each unit has a balcony or patio.
The Point at Sutton Hill is the second stage of the overall development plan for the community. In addition to new rental homes in The Point, Value Companies has repositioned the existing Sutton Hill community of 276 apartment homes. Improvements include the addition of an on-site fitness facility, updated exterior facades, upgraded tennis courts and improvements and additions to the common areas.
“Aside from the fitness center, pool and tennis, racquetball and basketball courts, we also completed the installation of a brand new playground,” Mr. Linefsky points out.
Sutton Hill is in close proximity to major transportation outlets such as Routes 17 and 84, providing a quick commute to White Plains and Westchester County, as well as public trains and buses that bring Manhattan a 90-minute commute away. Shopping is also easily accessible at the nearby Galleria Mall at Crystal Run and Woodbury Commons.
For additional information on The Point at Sutton Hill, please call (845) 343-2272 or email suttonhill@valuecompanies.com.
About Value Companies
Value Companies, founded in 1952, is a leading real estate development, investment and management company headquartered in Clifton, N.J. The company currently owns and manages a portfolio of 3,600 residential units located throughout New Jersey, Pennsylvania, New York, and Texas.
Across its development division, Value Companies has embarked on $100 million in new apartment, condominium and mixed-use developments and investments in strategic suburban and urban locations throughout the country. Value’s development success is directly tied to its steadfast commitment and expertise in multifamily housing, and its ability to introduce new housing products that address consumer and community needs.
Value’s residential properties are built and managed by a highly-skilled, in-house management team of more than 80 industry professionals which oversee all aspects of Value’s communities, including construction, leasing, maintenance, property management and administration. Value’s third-party management business, Value Asset Management, provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property owner clients.
For more information, please contact Andrew Abramson, President and CEO of Value Companies, at its corporate headquarters at 973-473-2800 or visit www.valuecompanies.com.
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