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real estate

Hudson Valley Complex Sells For $54M

The Landing at Mohegan Lake sold for $54 million.
The Landing at Mohegan Lake sold for $54 million. Photo Credit: Contributed

The Landing at Mohegan Lake has sold to Ginsburg Development for $54 million.

The company announced the acquisition Tuesday of the 207-unit lakefront community, which features one and two-bedroom apartments. Ginsburg acquired the property from New Chalet Apartments.

The apartments range in size from 712 to 1,215 square feet and rent from $1,860 to $2,595 per month.

Ginsburg said it plans to modernize existing amenities and add more amenity space including a children’s playground, gazebo/BBQ area on the lake and lakeside clubhouse. The existing fitness club, swimming pool, and landscaping will also be upgraded.

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