Rental Apartments Are In Demand At The New Parkside Luxury Apartment Rental Building In Rockland County, New York

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Demand continues to increase for rental apartments in Rockland County, NY and Bergen County, NJ. Parkside, a new luxury apartment rental building in Rockland County is already 70% rented, well ahead of expectations. The increased demand is attributed to lack of supply for luxury apartments in the area as well as economic factors. Parkside is located on the Hudson River waterfront in Haverstraw, approximately 9 miles from Nyack and Nanuet, New York.

Hudson River Views From Parkside Apartments in Rockland County

Spectacular Hudson River Views From Parkside Apartments

With increasing demand for rental apartments, Parkside offers luxury apartments for rent on the Hudson River in Rockland County, NY that are affordable and complete with high-end amenities and fun recreational activities.

Parkside, a new luxury apartment rental building in Rockland County, New York, is in the final stage of construction yet 70% of the apartments have already been rented, exceeding initial expectations. The fast apartment rental pace is consistent with a decrease in apartment rental vacancy rates in New York and New Jersey. Moreover, there seems to be a limited supply of luxury apartments for rent in Rockland County, NY and neighboring Bergen County, NJ. Parkside, an apartment rental building with luxury amenities located on the Hudson River waterfront, has received considerable interest since building plans were announced in December 2010.

GDC Homes, the developer of Parkside, began development of a new rental apartment building in Rockland County, NY after research suggested increasing demand for luxury rental apartments in Rockland County, NY and Bergen County, NJ. Research further indicated that no new luxury apartment rental communities were planned in nearby areas such as Piermont, Nanuet and Nyack, New York to meet the demand. They concluded that luxury apartments for rent on the Hudson River waterfront would be attractive for prospective renters.

“There was a limited supply of luxury apartments for rent in nearby towns like Nyack, NY and Piermont, New York,” observed Martin Ginsburg, President of GDC Homes. “With increasing demand for rental apartments, Parkside offers luxury apartments for rent on the Hudson River in Rockland County, NY that are affordable and complete with high-end amenities and fun recreational activities. We have already rented 70% of the apartments and many of our tenants decided to rent at Parkside after looking first at apartments in Nyack, Piermont and Nanuet, New York.”

Parkside is the first apartment rental building in The Harbors at Haverstraw community of townhomes, condominiums and apartments fronting the Hudson River in Rockland County, New York. The brand new apartment building offers 1 bedroom apartment rentals and 2 bedroom apartment rentals with luxury amenities and recreational activities. A short commute to Bergen County, NJ, it was designed as a preferred alternative for renters looking for apartments for rent in nearby Nyack and Piermont, NY as well as Edgewater and Fort Lee, New Jersey.

Current residents compare living at Parkside to “living in the finest hotel” or “living at a resort.” “We looked at apartments for rent in Nanuet and New City,” commented one resident, “but after visiting Parkside we knew it was the place for us.” Another resident originally thought to rent in Nyack or Piermont but “Parkside was more affordable with more fun and it’s only 10 minutes away. We rent a 2 bedroom apartment in Parkside for around the same price as a 1 bedroom apartment rental in Nyack or Piermont.”

Many renters also selected Parkside because of its favorable location. “I originally looked at apartments for rent in Fort Lee, New Jersey because I work in Bergen County, NJ,” said one tenant. “I liked everything I saw and decided to rent an apartment at Parkside. It’s only a short commute to Bergen County.” Another couple looked at waterfront apartment in Yonkers, New York because they wanted to be centrally located and close to the water. They decided to rent an apartment at Parkside instead. “It’s only a short ride to Westchester County and Bergen County and a quick commute to Manhattan. We fell in love with the waterfront at Parkside.”

Increased demand for apartment rentals likely contributed to the fast rental rate at Parkside. Reis, a trusted source for real estate market data, reported last week that apartment vacancy rates at the end of 2011 fell to 5.2%, the lowest in the past 10 years and down from 8% in 2009. This huge drop in just two years, points to pending shortages in rental apartments and increasing rents.

Economic outlook concerns, rising foreclosures and stricter mortgage lending have contributed to the increase in apartment rentals over the past few years. Many households opt to rent apartments instead of purchasing homes. According to the Census Bureau, home ownership has declined to 66.3%, down from 69.2% in 2004.

Parkside apartment rentals feature luxury amenities and recreational activities such as a large clubhouse with a spacious fitness center, indoor basketball court, cinema, massage spa and grand lounge. On site are a kayak launch, 2 resort-style swimming pools, marina, river sculpture walk, and bistro/café. Many of the Hudson River waterfront rental apartments have direct water views of the river, inlet estuary, or High Tor Mountain, the highest mountain in Rockland County, New York.

The Parkside apartment rental building, developed by GDC Homes, is part of The Harbors at Haverstraw community in Rockland County, New York. The building offers luxury 1 bedroom and 2 bedroom apartments for rent on the Hudson River waterfront in close proximity to Bergen County, Westchester County and New York City. More information is available at http://www.parksidehudsonapartments.com.

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Gregg Smolev
The Marcon Group
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