News: Brokerage

Lee & Assocs. NYC arranges
$3.2m sale of 2,800 s/f retail site

Mamaroneck, NY Lee & Associates NYC has represented the seller in the sale of 1444 E. Boston Post Rd. for $3.2 million. The property consists of 2,800 s/f on half an acre and was previously leased to People’s United Bank.

Peter Braus, Ben Tapper, and Cory Gahr of Lee & Associates NYC represented BFT Holdings, LLC, the seller, and sourced the buyer, Integrity 1444 BPR LLC.

“There are very few corners on Rte. 1 (Boston Post Rd.) in Westchester County that feature a drive-through lane and curb cuts, and even fewer of those that can be delivered vacant,” said Tapper, executive managing director at Lee & Associates NYC. “This sale was a great opportunity for the buyer, a local investor, to expand his portfolio with a vacant corner lot property for redevelopment.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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 art of investing in real estate - by Thomas Donovan

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

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
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.