(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.
