Phase II Debuts at The M at Englewood South
The Pinnacle Companies, a respected developer of luxury homes throughout the New York Metro Area, announced the opening of the second phase of homes at The M at Englewood South, a popular community of elegant condominiums in the heart of sought-after Bergen County. Pinnacle will also be showcasing a new furnished model: the two-bedroom and den. The M is architecturally unique with four building extensions that surround three courtyards, affording most of the homes garden views and views of nearby Overlook Gold Course. The first building phase opened earlier this year and Pinnacle has completed work on another phase to accommodate many buyers who are looking for a quick move-in as their leases expire.
"The luxurious homes at The M pair innovative stylish design with exceptional value, and that combination has attracted a wide range of the buying public who want to experience the extraordinary lifestyle in this best-in-class location," said Brian Stolar, President and CEO of The Pinnacle Companies. "The reaction to the unveiling of this second phase should bring about that same level of excitement and we expect there will be an even more robust sales momentum as word of mouth continues to spread."
Presenting sophisticated urban living on Route 4 -- close to the George Washington Bridge and within 12 miles of Midtown Manhattan -- The M offers 125 one-, two- and two-bedroom-plus-den residences priced from $274,990. One garage space is included in the price and shuttle service to New Jersey Transit bus stop is also provided.
The homes feature top-of-the-line standard features such as spacious living areas, bedrooms, and modern kitchens with maple cabinetry, under-counter lighting and granite countertops. The M condominiums also feature luxuries, including large laundry areas with side-by-side General Electric washers and dryers, large walk-in closets and additional powder rooms in nearly all floor plans.
Additional features include elegant en-suite master bathrooms with granite countertops and double sink vanities, oak hardwood flooring in the living area, ceramic tile flooring in the entry hall and kitchen, and plush carpeting in the bedrooms. A powder room is included in almost all of the homes. One garage space is included in the price and shuttle service to New Jersey Transit bus stop is also provided.
To help prospective buyers even more, Pinnacle offers two innovative lease-to-purchase options that allow renters to place a portion of their monthly payment into as escrow account to eventually be applied toward the sales price.
The "License to Occupy" option requires pre-approved, potential homeowners to sign a contract for six months to a year as well as an occupancy agreement for the same time period. Pinnacle saves approximately 50 percent of their rent in an escrow account toward the down payment. A small down payment ranging from $5,000 to $10,000 is required to start the program. The potential homeowner must close within a year of signing.
With the "Lease Now, Buy Later" option, pre-approved, potential homebuyers sign a condominium lease and, at the end of a one-year term, are offered the home at a price guaranteed at the time the lease is signed. Pinnacle then gives them approximately 25 percent of their lease payments back toward the down payment.
Amenities at The M at Englewood South include an outdoor pool and a residents' lounge perfect for large parties and entertaining. Buyers will also receive a year's membership at The Gym Englewood, 20 Nordhoff Place, the area's most upscale fitness center. Maintenance also includes satellite TV and Internet service, and the community will be offering attractive audio/video packages as upgrades.
The pedestrian-friendly main streets of Englewood and nearby Ridgewood and Teaneck are perfect for leisurely strolls and window shopping as they offer both high-end designer and eclectic shopping venues as well as fine dining and café-style eateries. The Bergen Performing Arts Center in downtown Englewood provides shows year-round featuring top-name talent.
For the active lifestyle lover, there are a host of parks and recreation facilities including the 150-acres Flatrock Brook Nature Center, Overpeck County Park and Golf Course and the Tenafly Nature Centers.
For additional information on The M at Englewood South or Pinnacle Communities, visit www.liveattheM.com or call 201-569-6393. The sales office is open Friday through Monday from 11 a.m. to 6 p.m., and on Thursday from noon to 8 p.m.
About The Pinnacle Companies
The Pinnacle Companies, which includes Pinnacle Communities, Pinnacle Custom and Pinnacle Downtown, is among the most respected real estate development and investment companies in the industry for their ability to anticipate trends in the changing real estate market and create "what's next" in luxury residential communities. Pinnacle's innovative approach to development and creative problem-solving abilities are qualities that continually position Pinnacle as an industry leader in the real estate market. In 2006, The Pinnacle Companies was featured on an episode of "Extreme Makeover: Home Edition" for ABC television in the town of Bergenfield.
The award-winning company has built an enviable reputation in the sale and rental of luxury, active-adult and custom housing, as well as the office, retail and mixed-use markets. Since the company's founding in 1984, Pinnacle has built in excess of 5,000 luxury attached and detached homes as well as several million square feet of retail, hotel and restaurant space. For more information on Pinnacle, www.pinnaclecompanies.net/ or contact the company's Montclair headquarters at 973-379-1900.