Booming Rental Markets Spur Young Homebuyers to Opt for Ownership at the M at Englewood South
ENGLEWOOD, NJ – The M at Englewood South has successfully keyed in on homebuyers looking to escape the escalating monthly rents in the booming apartment markets of Bergen and Hudson Counties and New York City.
The upscale collection of condominiums ideally situated in the desirable Englewood Borough has recorded a significant number of sales from young couples, single-professionals and families who want to throw away monthly rental receipts and enjoy the many advantages of homeownership including building equity, appreciation, tax advantages and a considerable sense of pride.
With prices starting at just $300,500 and limited-time Fall incentives that provide up to $10,000 off the purchase of a one-bedroom home and up to $20,000 off when buying a two-bedroom condominium, The M at Englewood South presents a buying opportunity with mortgage payments comparable to monthly rental bills at Bergen County’s new high-rise apartment buildings. Purchasing at The M is made even more compelling to first-time homebuyers thanks to a special 90% financing package which creates manageable downpayments.
“It’s no secret that Bergen County has become a hotbed of rental activity with more than 1,600 apartments planned for Ft. Lee alone and occupancy rates throughout the County hovering in the mid-to-high 90%,” says Nick Hollenbeck, Sales Manager for The Marketing Directors, the exclusive sales and marketing agent for The M. “Manhattan apartments are also roaring back as a large pool of renters dwindles the supply of homes in popular Midtown and Upper East and West Side neighborhoods.
“This aggressive rent growth has been enough to convince many Millenniums that now is the time to buy. They’re turning to condominium communities such as The M where they can purchase a brand new home at an affordable price and remain a short commute into the work and entertainment centers of New York City.”
The M boasts a collection of inspiring single-level floor plans adorned with elegant designer finishes and appointments. The expansive layouts range from 797 to 1,499 square feet of living space and feature open layouts, sumptuous bedrooms, state-of-the-art kitchens with maple cabinetry, under-counter lighting and granite countertops; large laundry areas with side-by-side General Electric washers and dryers, large walk-in closets and additional powder rooms in most homes.
Lavish master bathrooms boast granite countertops and double-sink vanities. There are also oak hardwood floors throughout the living areas and ceramic tile floors in the entry halls and kitchens.
Bolstering the desirable lifestyle at The M is the number of onsite recreational and social amenities including an outdoor pool and a resident’s clubroom with catering kitchen for large parties and entertaining. Residents also receive a one year membership to The Gym, a 40,000 SF state-of-the-art fitness center located at 20 Nordhoff Place.
“The M offers style, convenience and so much more,” adds Ron Orgel, a representative of Flatrock 3, LLC, sponsor of The M at Englewood South. “It’s a complete lifestyle package that’s very attractive to today’s buyers.”
Located at 104 Riverview Avenue, The M offers residents a best-of-both-worlds setting that blends key suburban conveniences with sought after urban appeal. Englewood’s dynamic downtown features an eclectic offering of upscale shops and boutiques and more than forty five restaurants and eateries. Major brand name shops can be found at the nearby Riverside Square Mall and Garden State Plaza, while the Bergen Performance Arts Center in Englewood features nearly 150 world class performances yearly, ranging from Rock and Classical music to Comedy and Dance performances.
The community is also a commuter’s dream. The M is minutes from Route 4 with access to the George Washington Bridge and just 12 miles to Manhattan. A parking space is included in the purchase price in The M’s enclosed parking garage. For those wishing to use public transportation, shuttle service is provided from the community to the nearby NJ Transit bus stop which offers convenient service into New York City.
For more information on The M at Englewood South, please call 866.650.3842 or visit http://www.LiveAtTheM.com.