Hudson Valley Property Group Acquires Asbury Gardens Multifamily Property in Coastal New Jersey

Hudson Valley Property Group Acquires Asbury Gardens Multifamily Property in Coastal New Jersey

Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced its acquisition of Asbury Gardens, a two-building multifamily property located at 120 Monmouth Avenue and 1100 Atlantic Avenue in Asbury Park, New Jersey. The acquisition expands HVPG’s substantial footprint in the state of New Jersey, where the firm currently owns and operates […] The post Hudson Valley Property Group Acquires Asbury Gard…

HVPG details plan to preserve, update newly acquired Asbury Park affordable housing asset – Real Estate NJ

By Joshua Burd Hudson Valley Property Group has acquired a 170-unit multifamily complex in Asbury Park, expanding a portfolio that now includes nearly 30 properties in the state. The firm, which specializes in affordable housing preservation, paid an undisclosed price in the transaction at 120 Monmouth Ave. and 1100 Atlantic Ave. It’s now planning a roughly $7.6 million update that it says will prioritize building modernization, high-end securit…