–Leading investment sales firm represents the seller and procures buyer in the transaction in Highland, NY–
Shelton, CT (January 2, 2025)- Northeast Private Client Group® (NPCG) has announced the sale of River House Apartments in Highland, NY.
Located at 101 Haviland Road, Highland, NY; The River House Apartments consists of twelve (12) units overlooking the Hudson River. This is a free-market building with no rent stabilization restrictions. The property has been owned and professionally managed by a large local operator for over 30 years and has just undergone major capital expenditures and unit renovations. 10 out of 12 of the units have been fully renovated, all the balconies have been replaced, and new HVAC, new exterior stairs, and a new stone patio with a fire pit have been replaced in the last 3 years. All units now have an in-unit washer and dryer.
“This is a special asset that has been with the seller’s family for several generations. Most of the units have been upgraded with new luxury finishes that rival any new construction building in the area. It has a truly irreplaceable location and offers tenants water views of the Hudson River and excellent access to all of Ulster and Dutchess Counties.” – Jeff Wright
Vice President, Investments Jeff Wright, Rich Edwards and Associate Karl Hasselrot represented the seller and procured the buyer in the transaction.
Northeast Private Client Group® specializes in mixed-use, retail, industrial and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,200 successful transactions have been completed, totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
