Cushman & Wakefield Arranges Sale of 102-Unit Farrell Communities at Lakeside in Newburgh, New York

by Jeff Shaw

NEWBURGH, N.Y. — Cushman & Wakefield has arranged the sale of Farrell Communities at Lakeside, a 102-unit active adult community in the Hudson Valley city of Newburgh.

The community opened in 2020 and features 30 one-bedroom units and 72 two-bedroom units.

Cushman & Wakefield’s Adam Spies, Brian Whitmer, Niko Nicolaou, Ryan Dowd and Peter Welch represented the owner, Farrell Communities, and procured the buyer, Castle Lanterra Properties. The price was not disclosed.

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