2306-2320 McCue Rd - Covered Land Play

Kassin Sabbagh Realty NY (“KSR”) has been appointed as the exclusive brokerage for 2306 McCue Road and 2320 McCue Road, two continuous sites. The sites are situated in a luxurious neighborhood, home to the seventh largest shopping center in America, The Galleria. It is also located a few minutes away from River Oaks, a district with designer boutiques, high-end shops, and lots of fine dining. There are countless hi-rises in the area, many of which being newly constructed, and it is only a matter of time before 2306-2320 McCue Road houses its own large development.
2306 McCue Road, otherwise known as Marquee Uptown, is currently operational as a 58-unit multifamily. 2320 McCue Road, otherwise known as Carriage Square apartments, is currently operational as a 40-unit multifamily. In total, they are comprised of 98 units, all situated on 2.73 acres of land, on two contiguous tax lots. Both properties are currently being looked at as covered land plays and are being sold on that basis. Located in the heart of the Galleria/ Uptown trade area with 187,000+ population with high average household incomes of over $94,000 within a 5-mile radius.
Ownership has phenomenally maintained both communities, as told by the high expense ratio. This includes a full-time landscaper, full-time housekeepers, seasonal decorations, hastening replacements and more.