Riverfront apartments sell near New York City

Sale includes nearly 200 units

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CB Richard Ellis' New York Tri-State Investment Team represented ownership in the sale of Osborn Manor and Hastings Terraces, two apartment communities in New York. The total value of the transaction was $26.2 million. An undisclosed owner sold the properties to Coolidge Equities Ltd., an entity controlled by Houlihan Parnes. Osborn Manor and Hastings Terraces are two brick apartment communities containing a total of 198 units located along the eastern edge of the Hudson River within the Villages of Dobbs Ferry and Hastings-on-Hudson, respectively. The properties boast convenient commuting locations, ample parking and views of the Hudson River. The CB Richard Ellis New York Tri-State Investment Team specializes in the sale of investment properties in the suburban markets surrounding New York City, as well as select regional markets throughout the country. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....