HEADLINES

Friedland Realty Buys Another Yonkers Building

 Friedland Realty Advisors – a full-service commercial real estate firm with over 45-years of success – has announced that Industrial Specialist Atanu Bhattacharjee, alongside fellow Friedland brokers Ross Schneiderman and Mia Abdou, recently closed the sale of two buildings and a four-year lease totaling over 17,000 square-feet. With the buildings located in Yonkers, Larchmont, and the Bronx, NY, Friedland Realty Advisors continues to strengthen their market share in the Metro-New York area.

Representing both the buyer, Royal Vision Management & Investments, as well as the seller, Runge Moving and Storage, Bhattacharjee and Schneiderman were able to effectively close the sale of the building located at 197 and 195 South Broadway in Yonkers for $425,000. The 10,300 square-foot building, located in the South Broadway Business District, represents the continued focus on the redevelopment of Downtown Yonkers. The building is conveniently located in a densely populated area with easy access to multiple public transportation lines. The new owner, Royal Vision Management & Investments, plans to make improvements to the building while developing the currently vacant lot adjacent to the structure. The transaction represents the growing trend in the area of retail businesses looking for prime frontage on one of Yonkers’ busiest streets.

In the Bronx, Bhattacharjee closed the sale of the 5,000 square-foot commercial property located at 1168 Burnet Place. A Brooklyn-based investment group purchased the property in a quick 45-day transaction for $870,000 in the steady growing commercial real estate market of Hunts Point. With a limited inventory of commercial property in the area, 1168 Burnet Place offered a unique opportunity for the investors as price per square-footage continues to rise in the Bronx. The new owners are looking to make improvements on the building and begin leasing.

                                                                                                                                             

Both Bhattacharjee and Abdou worked in tandem to sign a four year lease for 2325 Boston Road in Larchmont, NY. Friedland successfully represented the landlord and the tenant in the deal. The incoming tenant has plans to offer customers a “one-stop shop” for domestic and foreign car repairs and servicing.

“Friedland is excited to kick-off 2015 with the announcement of these deals,” said Ayall Schanzer, CEO of Friedland Realty Advisors. “These deals represent a team effort, bringing together the comradery, diligence and inter-disciplinary expertise of our brokers. We take pride in knowing that each member of our team is strong individually but when teamed together they are able to deliver such great successes for our clients.”

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