REBusinessOnline

155-ACRE FORMER PSYCHIATRIC CENTER SITE SELLS FOR $4M

POUGHKEEPSIE, N.Y. — Houlihan Lawrence Commercial Real Estate Group has arranged the $4 million sale of the former 155-acre Hudson River Psychiatric Center site on Route 9 in Poughkeepsie, a city located between New York City and Albany. Tom LaPerch and Steve Salomone of Houlihan Lawrence represented the sellers, Hudson Heritage LLC, in the transaction. The buyer, Diversified Real Estate Advisors, has plans to use the site as a mixed-use property combining commercial, hospitality and residential. Kevin McGrath of McGrath Realty represented Diversified Real Estate Advisors in the deal. Built in the 1800s, the site served as several New York hospitals before it closed in 2001.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Request media kit

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties