Watkins and Algarin of Oak & Avery Group handle $18m sale of Oak Mountain Apartments: 82 units

Croton-on-Hudson, NY The Oak & Avery Group completed the sale of the Oak Mountain Apartments, an 82-unit multifamily complex.

The sale price was $18 million.

Anthony Watkins, president, and David Algarin, vice president, represented both the sellers, Alfred & Diane Bartzick, and the buyers, NYC-based 3Y Realty, headed by Joshua Stein and Daniel Lauchheimer, in the transaction.

According to The Oak & Avery Group, “This marks the first sale of these assets from original ownership who constructed them in the 70s. A rarity for sizeable multifamily product in Westchester County, the properties consist entirely of free-market rental units and the competition throughout the bidding process followed suit.”

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