News: Brokerage

Pallett and Schanzer of Greiner-Maltz sell New Rochelle property

New Rochelle, NY Greiner-Maltz Realty Advisors LLC has completed the sale of 27 Centre Ave. The property, which was previously used as a dry-cleaning facility and was owned by the same family for over 50 years, was purchased by a local investor/developer group. 

Paul Pallett,
Greiner-Maltz Realty Advisors LLC

 

Ayall Schanzer,
Greiner-Maltz Realty Advisors LLC

 

Greiner-Maltz associate Paul Pallett and principal broker Ayall Schanzer facilitated the transaction of the 32,000 s/f building.

This transaction is part of a continuing trend in the transformation of the changing downtown area. The new owner has already begun the process of refurbishing the building and the surrounding property for the purpose of leasing it to a business that could benefit from its proximity to the New Rochelle Metro North Railroad Station, and easy access to I-95.

“With over 35 years of experience working the lower Westchester market, I am proud of playing a part in the revitalization of downtown New Rochelle” said Pallett who played the lead role in the transaction.

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,