Gyrodyne acquires 29,811 s/f Cortlandt Manor Medical Center for $7m

Gyrodyne Company of America, Inc. has acquired the five-acre Cortlandt Manor Medical Center for $7 million, according to Peter Pitsiokos, COO of the company. M&T Bank provided the $5.25 million financing. The center is located at 1985 Crompond Rd. and features 29,811 s/f of medical office space that is 97% leased to 13 tenants. Gyrodyne orchestrated the sale in-house. David Wald of Wald Realty, Inc., property manager and leasing agent for the seller, brokered the transaction on its behalf.

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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.

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