A&R Fuel has sold a five-property apartment portfolio located in New York’s Orange and Dutchess counties for approximately $51.8 million.

Buyers of the properties included four limited liability companies and a real estate company.

Among the properties were:

  • Village Crest Apartments, located at Maloney Road in the town of Poughkeepsie. The 246-unit garden-style apartment complex is situated on 30 acres and was sold to Coolidge Maloney Road LLC.

  • Country Manor, located near Route 211 on Stratford Lane in Middletown. The 180-unit, 2 1/2-story brick garden-style building is situated in a park-like setting and features a pool for residents. Coolidge Stratford Lane LLC purchased the asset.

  • Stevens Manor, located at Silver/Scotchtown Road in Middletown. The 160-unit, garden-style brick apartment complex features a pool. Coolidge Scotchtown Road LLC purchased the property fully occupied.

  • Greenhouse Apartments, located on Stewart Avenue in Newburgh. The 69-unit, two-story brick colonial building is located just one mile from the New York State Thruway and Route 84. GHA Realty acquired the building 100 percent occupied.

  • Hopewell Gardens, located on Route 376 in East Fishkill. Formerly a farm and stable, this 69-unit apartment building was fully occupied at the time of the sale. Coolidge 376 LLC mad the purchase.

Kislak Co. Vice President Janet Bortz said in a statement that the buyers were attracted by the absence of rent control, which is making the current demand for multifamily investment properties in the Hudson Valley “as strong as ever.”

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription