Goldschmidt of Goldschmidt & Associates brokers sale of former DiCicco Market
Eric Goldschmidt, senior partner at Scarsdale-based Goldschmidt & Associates has brokered the sale of the former DiCicco Marketplace property, 505 New Rochelle Rd., Bronxville to CVS Caremark Corp.
The former food market will be renovated and occupied by a 7,800 s/f CVS Pharmacy.
The new CVS location is located between its Eastchester and Pelham stores.
The store opening, in early 2014, complements the opening in mid-November of the 14,400 s/f CVS Pharmacy at 2290 Central Park Ave., Yonkers, the former site of Nathan's. CVS will occupy 50% of the new strip center. Goldschmidt & Associates is the exclusive broker for the center and was the sole broker for the CVS Caremark lease.
T.M. Crowley & Associates was the preferred developer for CVS/Caremark on both transactions.
The sale of real estate may trigger capital gains taxes on the net profits of that sale. These taxes may be deferred by participating in a 1031 tax exchange, in essence, by purchasing property(s) to replace the
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