Pearl River, NY – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of 21 East Central Avenue, a 20,381-square-foot, mixed use property in Pearl River, New York. The final was price was $4,100,000.
A Cushman & Wakefield team of Andy Schwartz, Jordan Sobel and Andre Balthazard represented the seller, Skyview Plaza, LLC, and procured the buyer, a private investor, in the transaction.
“21 East Central Avenue offered investors the opportunity to acquire a mixed use asset that is nearly fully leased,” said Schwartz. “We saw significant interest in this property because of its ideal location within a great walkable downtown that offers shops, dining and other amenities and is just steps away from the train.”
The asset features 14 residential apartment units above four commercial retail units, with total occupancy at 95%. The residential apartments feature 12 one bedroom, one-bath units and two two-bedroom, one-and-a-half bath units. Renovated in 2010, the property features stainless steel appliances, solid wood cabinets and hardwood floors.
Strategically located, the property is surrounded by many dining and retail establishments within walking distance. The asset is one block away from the Pearl River train station.
Cushman & Wakefield Brokers Sale of 20,381 SF Mixed Use Building in Pearl River, New York
Jayden Lapin-Tatman • 1/12/2022
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWakeExternal Link on Twitter.