Goldschmidt of Goldschmidt & Associates facilitates sale of 17,400 s/f; DiBart of New Rochelle BID assists

According to Eric Goldschmidt, senior partner at Goldschmidt & Associates, he has brokered the sale of the 17,400 s/f property to a private LLC. The asking sales price was $1.6 million. The owners are using the property to relocate their juvenile furniture and accessory store from their previous location on North Ave., recently occupied by CVS. "This was a win-win for everyone," Goldschmidt said. "It was a win for the purchasers who were able to maintain its long-standing business in downtown New Rochelle. It was also a win for the city of New Rochelle as it confirmed the downtown's stability as an important area retail hub." Ralph DiBart, director of the New Rochelle BID played an important role in the negotiations amongst the seller, purchaser, and city. The property was vacant for years following the closing of The Palace Disco. When the seller's plans for the property changed Goldschmidt was retained to find a viable user for the property. Goldschmidt & Associates was also the broker for the area's CVS, Citibank, and various Avalon retail transactions. Goldschmidt & Associates, just celebrating its 20th anniversary, specializes in the leasing and sales of retail, commercial, and industrial properties in the New York Metropolitan area.