Stone Ridge Manor, an eight-building complex of 40 luxury rental townhouses in the Edgemont section of Greenburgh, has been sold for $19.5 million, the brokerage that handled the sale announced yesterday.

Eastern Consolidated Inc. executive directors Ronald A. Solarz and Eric M. Anton represented the sellers of 343-359 Central Park Avenue, Rick Baker and Ken Piekarski of 347 Central Park Avenue Associates, LLC. Solarz and Anton also procured the buyer, an unnamed Queens investor who plans to convert the Stone Ridge Manor apartments to condominiums.

“Stone Ridge is a fabulous development, in an excellent location, presenting tremendous upside potential for the new owner,” Solarz said in a press release announcing the sale. “It is the only townhouse type project in the area offering single-family style living for half the price of single-family homes.”

Said Anton: “All of the units are renting at 100 percent free market and all leases expire within two years, so the scenario was totally conducive to condo conversion.”

Stone Ridge’s apartments range in size from one to three bedrooms. The development was built in 2002 and is situated behind .

James Blose of the Bronxville law firm Griffin Coogan & Veneruso P.C. was the attorney for the seller, while Andrew Albstein of the New York City law firm Goldberg Weprin & Ustin L.L.P. represented the buyer.

Founded in 1981, Eastern Consolidated is a full-service real estate investment services firm headquartered in New York City with a worldwide roster of institutional and private investor clients.

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