News: Brokerage

Adler of Rand Commercial completes $9.3 million sale of 522 acres in West Park, NY

West Park, NY Rand Commercial has completed the $9.3 million sale of 522+/-acres at 2054-2055 Rte. 9W in Ulster County, NY. This property was home to the Missionary Sisters of the Sacred Heart and the site of Mother Cabrini’s miracle. Paul Adler, Esq., SIOR, of Rand Commercial was the broker on both sides in this transaction. 

"While Commercial Real Estate is about square footage, zoning and acreage, this transaction was helped with divine intervention. The marriage of the Missionary Sisters of the Sacred Heart and the Coptic Church of New York and New England was a match made in heaven!" said Adler.

The property is situated on both sides of Rte. 9W. The Hudson River side housed the convent, administrative building and chapel. Directly across Rte. 9W, the property continued with what used to be the St. Cabrini Orphanage. This site included a school/classroom building, cafeteria, gymnasium and dormitories of the former West Park School District.

This property will be preserved and used as the new home for the Bishops of the Coptic Church of New York and New England.

 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,