Scarsdale broker closes two sales
Eric S. Goldschmidt, senior partner at Goldschmidt & Associates in Scarsdale, recently brokered the sales of two commercial buildings in Westchester for their owners.
Briggs Antiques sold its building at 566 E. Boston Post Road in Mamaroneck for $2.2 million to an undisclosed private owner. Attorney Paul Herrick, of Rabin Panero & Herrick in White Plains, represented the buyer.
In Mount Kisco, Goldschmidt represented a medical partnership in the $1.5 million sale of 91 Smith Ave., a 6,400-square-foot medical building. The undisclosed buyer will use part of the building for a medical-related business.
Joseph Lipollis, of Prudential River Towns Real Estate in Peekskill brokered the deal for the buyer.
Game is on for game on
After months of lawsuits, the town of Greenburgh is poised to find an owner for the former Frank”™s Nursery property.
Despite the potential sale ”“ scheduled for a town board vote May 22 ”“ the threat of litigation still looms.
On May 20, the town of Greenburgh announced it had reached an agreement to sell the 6.9 acre foreclosed property at 715 Dobbs Ferry Road to Game On 365 L.L.C. for $3 million. Game On 365 will turn the property into the Westchester Fieldhouse, a $6.9 million indoor sports facility.
The sale was pending approval at a May 22 town board meeting that occurred after press time.
The town said Game On 365 will pay the full property tax levy, and assume responsibility for environmental cleanup and remediation. The town was considering an offer from Elm Street Sports Group L.L.C for $3.5 million. Elm Street Sports runs the House of Sports which opened in Ardsley last year.
Game On 365 will make an initial payment of $1.7 million, and then pay $1.3 million once the town approves its plans. Game On 365 initially offered $1.65 million.
While Elm Streets Sports offered the town more money, Supervisor Paul Feiner said that its offer came with various conditions before the town saw a dime. Feiner pointed out Elm Street Sports CEO Donald Scherer has previously called the site “The Three Mile Island of Westchester” due to carcinogens found on the property.
“We feel their whole goal has been to not build anything,” Feiner said. “We would have nothing on the property.”
Scherer laughed off Feiner”™s allegations.
“Why would I do that?” Scherer said. “My business is almost 100 percent occupied, I am looking to expand. That”™s just silly. If the town had been selling the property from the beginning, we would”™ve bid on it.”
Scherer is not taking his rejection lying down, threatening to file a lawsuit against the town and Game On 365, claiming he would have offered more money and the town was always going to pick Game On 365.
“We were never really in it,” Scherer said. “We emailed the town time and time again and only met with them twice briefly. We wanted to work the property and needed answers, and we were ignored.”
Scherer said the conditions Game On 365 put on the purchase means the town will never get the $1.3 million.
“The town has a clear legal obligation to take the highest bidder when selling property,” Scherer said. “Our bid was higher and we have more experience. Game On 365 has no money, it”™s so egregious. They are selling the property without proof of income.”
Since the beginning, Scherer has said the game has been rigged by the town for Game On 365.
“Feiner has worked with the company to draft and promote the RFP,” Scherer said. “Why are they working with a company with no money? Why does Paul Feiner have this tight-knit relationship with a developer when taxpayers are not benefiting. There must be something else going on. It”™s corruption.”
Feiner said he has no financial interest in the property and Game On 365 is prohibited from donating to his campaign. Feiner said Elm Street Sports has offered donations to anyone who runs against Feiner.
“They really don”™t want competition,” Feiner said. “I cannot benefit personally and I cannot be helped by Game On 365. This is probably hurting me since my opponents will get substantial donations from Elm Street Sports.”
”“ Sam Barron and John Golden
