Fayetteville, NY Adirondack Capital Partners (ACP) has successfully arranged the sale of Fayetteville Pines Townhomes, a 64-unit multi-family property, for a total consideration of $7.9 million.
DHM Properties sold the property to an undisclosed investor. ACP managing partners Michael Hunter Coghill and Chad Sinsheimer represented both the seller and buyer in the transaction.

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,