News: Brokerage

Adler and Spano of RCS negotiate $14 million sale of the Jewish Guild for the Blind

Rand Commercial Services (RCS) has closed a $14 million sale on the Jewish Guild for the Blind's Yonkers campus. The 116,125 s/f, three-building property was purchased by Westchester ALP Property, LLC. The 11.07-acre campus and its subsidiaries operated its facility at 75 Stratton St. South for eight decades, and continues to operate its GuildCare facility at 4 Executive Plaza in Yonkers. RCS brokered the sale for both buyer and seller. Paul Adler, RCS senior executive director, and Nick Spano, an RCS agent and former NYS senator representing Westchester, negotiated the sale. "The Jewish Guild for the Blind campus is a unique property situated on the Saw Mill Pwy. in a prime location in Yonkers," said Adler. "The city of Yonkers is in the midst of an exciting renaissance and has tremendous potential for the redevelopment of its commercial real estate properties. Yonkers is poised for significant growth and RCS has committed its full resources to take advantage of the city's outstanding growth prospects." "We are pleased to hear of the sale of the former Jewish Guild for the Blind campus facilitated by Rand Commercial Services," said mayor Phil Amicone. "This is one of Yonkers' featured properties with a desirable location and great potential for future use. With several exciting development projects currently underway in our city, Yonkers continues to stand out as an attractive place for all types of business ventures." RCS, formerly affiliated with the Prudential Real Estate Network, has re-launched as an independent commercial real estate brokerage that serves the Greater New York area. RCS has 25 agents in Orange, Rockland and Westchester counties, and also serves New York City, northern New Jersey and Connecticut.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
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.