Pasiut of Key Properties brokers $3.4 million sale of 33,000 s/f building

Key Properties of the Hudson Valley LLC recently brokered the sale of 54 Grand St. for $3.4 million. Rich Pasiut, owner/broker of Key Properties, who was the lister and seller of the 33,000 s/f property, said, "I believe this area is in an upturn and continues to command great prices and anxious buyers who know value." Due of the purchase of Steward International Airport by the Port Authority of N.Y./N.J., the proposed $800 million project by the Layland Group, and Orange County Community College opening a $100 million campus right next door, Pasiut feels the buyers purchased a key property with a great up side. "The Newburgh area has it all. Direct highway links to anywhere in the state, trains and ferrys to the city, Stewart International Airport, the George Washington Bridge 50 minutes away, and the Hudson River as a backdrop makes Newburgh a very desirable place to own or lease business property and to call home," said Pasiut.