A portfolio of three multifamily buildings in Croton-on-Hudson was sold for $14.4 million.
The three-story rent-stabilized buildings at 31 Old Post Road were built in 1963 and span 114,711 square feet. The buildings feature one- and two-bedroom units, totaling 82 apartments.
Rosewood Realty Group represented the seller, View Living, and procured the buyer, Unppg Management LLC, a New York City-based private owner-operator of a multifamily and healthcare portfolio. The buyer assumed a $11.2 million Fannie Mae loan with a 3.76% interest rate.
“Despite current market conditions, we are pleased to close this transaction,” said Alan Soclof, an investment sales broker at Rosewood. “The property is located approximately 40 miles out of New York City in an affluent suburb with a median household income of $148,000 within a one-mile radius of the property.”
