N.Y. apartment sale totals 724 units

Portfolio located in Hudson Valley

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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 ...