The Chestnut Ridge Apartments, located on Coy Avenue, was sold to Colorado-based Monarch Investment and Management Group and Iowa-based TRH Investments LLC for $9.7 million in a deal filed Wednesday. There are 10 buildings comprising 128 units of 1-, 2- and 3-bedroom apartments on the 6.4-acre property. The sellers were 8686 Coy Avenue LLC and
Chestnut Ridge Apartments sells to out-of-state investors for $9.7M
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