Dunne, Apfel and Langer of CBRE sell 60 S. Broadway for $27 million

60 South Broadway, rendering - White Plains, NY

White Plains, NY CBRE negotiated the $27 million sale of 60 S. Bdwy., a 3.58-acre development site to Alexander Members Holding LLC, a subsidiary of Stagg Group. The CBRE team of Jeffrey Dunne, Eric Apfel, and Travis Langer represented the seller, Quarterra Multifamily Communities.

The site is located near The Source and The Westchester Mall. The location offers access to shopping centers, and government offices. The site is approved for two high rises, comprising a total of 814 units.

Dunne said, “The offering represented a highly unique opportunity to buy one of the most significant sites in White Plains. The location is ideally suited to a transformational, trophy asset.”

Apfel said, “We are pleased to have represented our client, Quarterra, in the sale of their site at 60 S Broadway. This purchase is transformative for White Plains. The site was highly sought-after and will offer an unbelievable location to future residents. We look forward to watching this project come together with the new owner, Stagg Group.”

The transaction follows the sale of 1 Water St., a 1.3-acre development site near the White Plains Train Station with approvals for 301 apartments.

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