The first sale was a professional office building at 510 North Broadway, White Plains, NY for $900,000.
The seller and purchaser were both represented by Garry Klein, team leader of the Klein Lefkowitz Team at Houlihan Lawrence Commercial.
The property consists of a 3,752 sq. ft., two-story professional building situated on a nearly half-acre corner lot. The purchaser, Comstock Residential, plans to file a site plan for 12 luxury, open concept 3-bedroom, 2-bath condominiums, with a rooftop amenity and gym.
The site is just a block from the White Plains North Metro-North train station which provides quick and convenient access to New York City and great access to downtown White Plains and several major highways.
The other was for a newly built, LEED certified commercial property on Route 9 in Cortlandt Manor for $1,310,000.
The building, originally designed as an advanced green car wash, has been acquired by Peterbilt Trucks, which will repurpose it as a service and parts facility for its regional truck dealerships. The 4,950-square-foot property was noted for its sustainable features, including a closed-loop water recycling system and Tesla solar roof panels. While marketed as a state-of-the-art car wash, the property’s visibility, accessibility, and infrastructure made it an ideal fit for Peterbilt’s expansion.
The seller, who took the property back in foreclosure, was represented by Garry Klein and Kenneth Lefkowitz of the Klein Lefkowitz Team at Houlihan Lawrence Commercial and the buyer was represented by Kenneth Lefkowitz. The seller praised the transaction, writing: “With 45 years of experience in real estate, I truly believe this would never have closed without you and all your professional efforts with the town officials and building department.”
Mike Rackenberg, Managing Director of Houlihan Lawrence Commercial stated,” these two deals represented creative and out-of-the-box thinking as to how these unique properties were positioned in the market.” “Adaptive reuse opportunities like these are becoming much more prevalent in our evolving commercial landscape,” he added.
Houlihan Lawrence Commercial, a full-service division, specializes in Investment Opportunities, Office, Multifamily, Industrial and Retail Sales and Leasing, Land Acquisition, Development, and Municipal Approval Consultation. With local expertise in the markets north of New York City, the Commercial Division has a database of buyers and sellers throughout the country to effectively market commercial properties and opportunities on a national level. For more information, please contact Mike Rackenberg, mrackenberg@houlihanlawrence.com or 973-609-2105.
About Houlihan Lawrence
Houlihan Lawrence is the leading real estate brokerage serving New York City’s northern suburbs. Founded in Bronxville, New York, in 1888, the company is deeply committed to technological innovation and the finest client service. The company has 32 offices and 1,450+ agents serving Westchester, Putnam, Dutchess, Columbia, Ulster and Orange counties in New York and Fairfield County in Connecticut.
For more information visit: www.houlihanlawrence.com/ | www.houlihanlawrence.com/commercial
INSTAGRAM: @houlihanlawrence, @hlcommercial
