Poughkeepsie Multifamily Deal Sells for $19.2 Million

Posted on May 25 2016 - 9:44pm by Lance Edwards

poughkeepsie(POUGHKEEPSIE, NY)—A 288-unit apartment complex in Poughkeepsie, New York has just been sold for $19.2 million.

Mountain Brook Realty Holdings LLC secured a $19.2 million Fannie Mae loan through Hunt Mortgage Group to finance the acquisition.

The Mountain Brook Apartments are comprised of 17, two-story apartment buildings featuring a nice mix of one, two and three-bedroom apartments.

Steven Cox, managing director at Hunt Mortgage Group, says Poughkeepsie has a strong demand for multifamily housing.

The complex offers residents a fitness center, clubroom, outdoor pool and playground.