Adler of Rand Commercial completes $9.3 million sale of 522 acres in West Park, NY

West Park, NY Rand Commercial has completed the $9.3 million sale of 522+/-acres at 2054-2055 Rte. 9W in Ulster County, NY. This property was home to the Missionary Sisters of the Sacred Heart and the site of Mother Cabrini’s miracle. Paul Adler, Esq., SIOR, of Rand Commercial was the broker on both sides in this transaction.

"While Commercial Real Estate is about square footage, zoning and acreage, this transaction was helped with divine intervention. The marriage of the Missionary Sisters of the Sacred Heart and the Coptic Church of New York and New England was a match made in heaven!" said Adler.

The property is situated on both sides of Rte. 9W. The Hudson River side housed the convent, administrative building and chapel. Directly across Rte. 9W, the property continued with what used to be the St. Cabrini Orphanage. This site included a school/classroom building, cafeteria, gymnasium and dormitories of the former West Park School District.

This property will be preserved and used as the new home for the Bishops of the Coptic Church of New York and New England.

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Marcus & Millichap brokers $10.3 million sale of mixed-use building

Columns and Thought Leadership

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.

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

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional