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Redburn Development Buys Apartment Buildings in Schenectady, New York

New York Investor Sells 19-Building Portfolio for $10.1 Million
A seven-unit apartment building at 25 North Ferry St. in Schenectady, New York, that was included in the portfolio. (CoStar)
A seven-unit apartment building at 25 North Ferry St. in Schenectady, New York, that was included in the portfolio. (CoStar)
By Ryan Berry
CoStar Research
July 8, 2019 | 2:17 P.M.

Redburn Development Partners, a New York-based multifamily investment firm, acquired 19 apartment buildings in The Stockade, a historic downtown neighborhood in Schenectady, New York. A private investor based in New York sold the properties for $10.11 million, or about $98,000 per unit.

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