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Harbor Ridge: Port Washington, New York

Harbor Ridge: Port Washington, New York

Description

Retained by Pearson Partners to provide marketability, financial feasibility and appraisal services for a proposed high-end luxury continuing care retirement community that is currently under development in Port Washington, Long Island. The project is a pioneering venture that will be the most expensive community of this type on Long Island. As part of the due diligence, The Weitzman Group, Inc. projected the pricing and absorption of all unit types and prepared a comprehensive financial analysis of hard and soft costs, sales revenues, operating expenses, and net cash flow throughout the sellout of the units. To date, the project has been very successful with the units selling at a pace that has exceeded our absorption projections.

 
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