Cuddy and Novonty of CBRE chosen as sales agents for North White Plains multifamily development

White Plains, NY Peckham Industries, Inc. has tapped CBRE as the exclusive sales agent for a 1.67-acre site in North White Plains ideal for a multifamily development. Marketing of the transportation-oriented development (“TOD”) site will be spearheaded by CBRE real estate industry veteran William Cuddy Jr., executive vice president and Jacqueline Novonty, senior associate. The property consists of several adjacent parcels located at 20 Haarlem Ave., 18 Glenn St. and 2, 7, 11 and 20 Holland Ave. “Development of multifamily residential properties near transportation hubs is a major industry trend throughout the country and particularly in Westchester County,” said Cuddy. “This unique site, in the very desirable neighborhood of White Plains, is situated across from the North White Plains Metro-North Train Station, with a 35 minute commute to Grand Central Station. The property offers developers the opportunity to develop a luxury multi-family residential facility with abundant County parkland, restaurants, offices and shopping all within walking distance. This site is the definition of transit oriented development with “live, work, and play” benefits. The approximately 1.67 acre transit-oriented development site is centrally located with immediate access to I-287 at Exit 6, the Bronx River Parkway and NYS Route 22. In addition, express Metro-North train service brings passengers to New York City via a very short 35 minute commute. Conceptual planning demonstrates that the site can accommodate 175 +/- units which would incorporate an open space park for local residents.