North Point buys Hudson Valley apartment building for $19M

North Point Management, a multifamily investment group, acquired a 150-unit apartment building in the Hudson Valley for $19 million from Tower Management Service. Tower had purchased the Crestwood Apartments at 92 Fitzgerald Drive in Middletown, New York, in late 2015. The building was most recently valued at $7.8 million, according to data from PropertyShark. The deal marks North Point’s second Middletown acquisition in the past year. In July, the firm snapped up a 112-unit multifamily