Home Latest News New Rochelle medical office building sells for $3M

New Rochelle medical office building sells for $3M

A New Rochelle physicians’ cooperative has sold its approximately 20,000-square-foot office building at 421 Huguenot St. to a New Rochelle realty company for $3 million.

421 Huguenot new rochelle medical offices
421 Huguenot

The buyer, 23-25 First Realty Corp., also acquired a 76-space parking lot on Huguenot St. with the 5-story, 21-suite office building. The seller, Professional Office Building Corp., represents a medical cooperative consisting of 18 physician practices of varying specialties.

The sale deal, and first-time leases for doctors holding shares in the medical co-op, were brokered by John Lanser III, an agent at Coldwell Banker Commercial NRT in New Rochelle.

Lanser in a press release said this is the first time the property has been sold since its establishment as a medical cooperative around 1920. The new owner plans to maintain the building as medical office space and update available suites for leasing.

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