News:
Brokerage
Posted: November 21, 2017
Rand Commercial brokers sale of $11 million Suffern rental complex
Suffern, NY Rand Commercial has brokered the sale of the Suffern Commons rental development, located at 10-12 Chestnut St.
Rand Commercial
“This transit-oriented development is one of the finest in Rockland, especially when it comes to transportation to NYC,” said Paul Adler, Esq., regional manager for Rand Commercial. “There’s so much that Suffern Commons can offer its residents, and Rand Commercial is certain that this will be a real boost to Suffern’s downtown.”
The development totals 48 two-bedroom units with amenities including a fitness center, on-site laundry, and parking. It’s also a location for commuters, close the MTA/NJT commuter rail to New York’s Penn Station.
“I’m thankful for the wonderful work from our team of dedicated agents, which included Richard “RJ” Smith, Richard Weisman, and John Lavelle,” said Adler. “This transaction represents one of Rockland’s largest transactions in 2017 and portends well for the future of Suffern.”
Tags:
Brokerage
MORE FROM Brokerage
United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f
East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
Quick Hits
Columns and Thought Leadership
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
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.
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
.gif)