As exclusive agents, Cushman & Wakefield and Newmark are pleased to offer for sale 100% fee interest in Cornerstone Westbury.
Located in the prestigious village of Westbury, NY, this 130-unit Class A luxury mid-rise apartment community was completed in 2024 within Westbury's downtown redevelopment district. Designed to attract affluent residents, including young families, downsizers, and professionals, it features best-in-class designer finishes.
Connected to the Westbury LIRR station, residents enjoy a one-seat 40-minute commute to Penn Station or Grand Central in New York City while benefiting from the tranquility of suburban living. The community is near upscale shopping, diverse entertainment options, top-ranked public schools, and within walking distance of national retailers and highly rated restaurants.
The unit mix includes 39 studio units, 76 one-bedroom units, and 15 two-bedroom units, all equipped with energy-efficient stainless-steel appliances, quartz countertops, moveable kitchen islands, 9-foot ceilings, in-unit washer/dryers, and walk-in closets. Residents also benefit from top-tier amenities, including two fitness centers, two resident lounges with private workspaces, secure garage parking, and a rooftop lounge with expansive views.
Cornerstone Westbury offers a rare opportunity for high-quality new construction in Nassau County, providing residents luxurious living with convenient access to local and interstate highways, as well as just 19 miles from JFK International Airport.
Investment Highlights
• 130 units featuring high-end modern finishes and a desirable mix of floor plans, including studios, one-bedroom, and two-bedroom apartments
• Strategically with direct platform to the Westbury LIRR station, providing a seamless 40-minute commute to New York City
• 20-year real estate tax abatement in place, generating significant tax savings and providing certainty with fixed rate increases through 2043
• New construction ensures cash flow stability and savings from energy-efficient systems and appliances.
• Luxury unit finishes include quartz countertops, energy-efficient stainless-steel appliances, moveable kitchen islands, and walk-in closets
• Top-tier amenity package offering two fitness centers, two resident lounges with private workspaces, secure garage parking, and a rooftop lounge with expansive views
