Monticello Meadows, Monticello NY
December 2020 – Ed Graf of Houlihan-Parnes Realtors, LLC arranged the sale of a 176-unit garden apartment complex known as Monticello Meadows Apartments. The property which is located just north of downtown Monticello consists of nine two-story buildings on nine acres of land. The unit mix includes 1 and 2 bedroom apartments along with 2 bedroom/2 bath duplex apartments.
The property had undergone a capital improvement campaign which includes renovated apartments and exterior improvements which resulted in a 95%+ occupancy.
The seller was represented by Steve Tierney, Partner at Woods, Oviatt, Gilman LLP.