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Posted: January 30, 2012
CBRE | Syracuse completes three sales totaling $3.0325 million
Michael Finn, managing partner of CBRE | Syracuse, announces recent commercial real estate transactions:
Marty Dowd and David Thomas were the sole brokers in the $1.4 million sale of Old Boorne Dr., Clinton, a multifamily property consisting of four, two-story buildings with a total of 48 units. EF Capital, LLC purchased the property from Old Carriage Apartments, LLC.
Robert Nelson exclusively brokered the $1,332,500 sale of 422 College Heights, Watertown, which included two, three-story buildings with 30 garden/low-rise apartments. Jefferson Heights, LLC purchased the property from Prime, LLC.
Thomas exclusively brokered the $300,000 sale of The Cleveland House Apartments, 8 Main St., Adams. An investor purchased the property from First Niagara Bank, which recently foreclosed on the building. CBRE/Thomas also provided receivership services for the building throughout the foreclosure process. The Cleveland House Apartments is a four-story mixed-use commercial building with 19 residential units and first floor professional office space.
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