NRIA Celebrates Grand Opening of Luxury Townhome Community, Afton of Morris

FLORHAM PARK, N.J., March 9, 2020 /PRNewswire/ -- NRIA of Secaucus, NJ celebrated the grand opening of its newest luxury residential complex Afton of Morris on Friday, March 6, with over 300 real estate professionals, NRIA investors and guests including Florham Park, NJ Mayor Mark Taylor, NFL football legend Lawrence Taylor and American actress and model Nargis Fakhri. The festivities included a champagne toast and ribbon cutting.

As part of its good neighbor outreach, NRIA also presented a $5,000 check to the Morristown Medical Center. Bonnie S. Gannon, Director of Corporate and Foundation Relations, was on hand to receive the donation, which was presented by Glenn LaMattina, Senior Vice President of NRIA.

Afton of Morris is a welcomed addition to the neighborhood offering 16 luxury, 4-story townhomes with up to 3,000 square feet of living space. Units come with three to four bedrooms, two to three full baths, a private elevator, and two-car garages. Buyers may choose from three different finish styles: traditional, transitional, and modern. The brick and siding exteriors with black Pella windows and sculptured trim complement the classic feel of the surrounding community.

The townhomes have an open concept living level with a luxurious kitchen, formal dining room, great room with fireplace, and outdoor deck. A large master suite with a designer bathroom, additional bedrooms, and a full bathroom occupy the upper level. Off the two-car garage are a bonus space, full bath, laundry area, and garden patio. Each unit has the option for a full finished basement/recreation room and buyers may choose the Afton Smart Home package, which provides voice and smartphone control of HVAC, locks, lighting, music, mechanized blinds, and garage doors using Amazon's Alexa app as the primary interface, along with smart mirrors. The beautifully appointed residences range in price from $839,900 to $939,900 -- three units sold before today's opening.

Florham Park, NJ is a close-knit, suburban community in Morris County, NJ, 30 miles west of New York City. In recent years, it has been growing in popularity due to a low tax rate, excellent schools, outstanding recreation, and its small-town charm. Just 20 miles from Newark Liberty International Airport and 5.2 miles to historic Morristown, NJ it is a conveniently located.

Founded in 2006, NRIA is a vertically-integrated and award-winning real estate investment, management and development firm specializing in luxury townhomes, condominiums, and multifamily developments and acquisitions. For nearly a decade, NRIA's Class A Real Estate Fund has earned investors targeted returns through a diverse portfolio of premier real estate assets in Northern New Jersey, Brooklyn, Philadelphia, and South Florida. Insulated from stock market fluctuations, the Class A fund is a vehicle for accredited investors to achieve lucrative risk-adjusted returns and diversify their portfolios for more balanced performance.

NRIA has more than $200,000,000 in private equity under management and has acquired, developed or is in the process of developing more than 100+ projects totaling over 2.30 million [sellable/rentable] square feet valued at more than $1.25 billion. Afton of Morris is NRIA's first development in Morris County, New Jersey. Other New Jersey projects include Hoboken Heights, in Union City, NJ, Green Roof Condominiums in Guttenberg, NJ, and The Station Apartments, West New York, NJ. NRIA also has extensive projects underway in Philadelphia, Brooklyn and Palm Beach County, Florida.

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SOURCE NRIA