The portfolio consists of Patricia Apartments and Hudson View Estates--in Peekskill, NY--with 100 units and 71 units, respectively. Sparta Green Apartments, with 43 units, and Sherwood Townhouse and Sherwood House, with 28 units, are in Ossining, NY. Bari Manor Apartments is located in Croton-on-Hudson, NY with 82 units is the sixth property.
The Patricia, Bar Manor and Hudson View properties boast one, two and three-bedroom flats and townhouse units, whereas the Sherwood properties and Sparta Green venture one and two-bedrom units. The entire portfolio is located on the Hudson River near Route 9.
The buyer was Morgan Bari Manor LLC, Morgan Hudson View LLC, Morgan Sherwood LLC, Morgan Sparta Green LLC and Morgan Patricia LLC. Fannie Mae provided financing through M&T Realty Capital Corporation.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
