A building at 70 Gedney Way in White Plains that formerly had been a branch of the bank Capital One and more recently has been serving as the offices for the wealth management firm Prato Capital Management has been sold for $2.9 million.
According to documents filed with the Westchester County Clerk’s Office, the seller was Starlifter 6th Properties LLC whose signatory was Gregory Prato and the buyer was 70 Gedney Way LLC. The seller was represented by Garry Klein, associate broker and regional manager of Houlihan Lawrence Commercial. The purchaser was represented by Karnit Mosberg of Royal Properties. According to Houlihan Lawrence Commercial, the buyer plans to substantially renovate the building and upgrade it for use as medical offices.
The structure was built in 1964. It is on 0.46-acre of land and is described as having 37 on-site parking spaces. The ground floor is described as having 5,946 square feet of space while the basement encompasses 3,482 square feet.
70 Gedney Way is described as being in a prime commercial location surrounded by both local businesses and established residential neighborhoods. Nearby businesses include include Rooster’s Market, Sam’s of Gedney Way and Emma’s Ale House. The property is directly across from Gillie Park and the White Plains Greenway Walking Trail as well as the city’s Gedney Way Public Works and Recycling Yard.
