Clay, NY According to Sutton Real Estate Company, LLC it has closed on the sale of 8701 Henry Clay Blvd. The sale price was $220,000.
The 23.23-acre ball fields formerly known as Santaro’s Softball Fields were sold to MAD Baseball and Softball Academy, LLC – DBA Legacy Sports Park. The seller was JB Properties of Cicero, LLC.
Karen Cannata-LaRocca of Sutton was the sole broker in the deal.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,