Manhattan firm buys 77 Larchmont condo units for $43.5M

New York /
Mar.March 29, 2018 12:43 PM

Manhattan firm Northeast Property Owner Inc., which has ties to Australian investment bank Macquarie Group, bought 77 units in Larchmont’s The Cambium for $43.5 million. Northeast spent about $565,044 on each unit and already sold one unit for $1.3 million to a local couple, the Westchester Business Journal reported. The 8-story, 147-unit building at 10 Byron Place is located near the Metro-North Larchmont station and Interstate 95. Cushman Wakefield’s Kevin Donner, David Bernhaut, Ryan Dowd, Gary Gabriel, Andrew Merin, Brian Whitmer and Adam Spies handled the multiple unit sale to Northeast. [WBJ]


Related Articles

arrow_forward_ios
The office space at 99 Church Street  (Google Maps)
Berkeley College selling two downtown White Plains buildings
Berkeley College selling two downtown White Plains buildings
eXp CEO Glenn Sanford and Corofy CEO Eddy Boccara (eXp, Corofy, iStock)
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Trump Plaza New Rochelle at 175 Huguenot Street and Donald Trump (Getty, Anthony22/Wikimedia)
Trump Plaza New Rochelle dumps Trump Org as property manager
Trump Plaza New Rochelle dumps Trump Org as property manager
Parc Grove apartments, PGIM CEO David Hunt and Pacific Urban Residential CEO Al Pace (Photos via Parc Grove, PGIM, RETCON)
PGIM gets $154M for Stamford apartments as rental market heats up
PGIM gets $154M for Stamford apartments as rental market heats up
Additional reason for the slowdown in contract signings is shrinking inventory, which is likely to make the market even more competitive. (iStock)
As inventory shrinks, suburban NYC home market calms down a bit
As inventory shrinks, suburban NYC home market calms down a bit
Professor Randolph M. McLaughlin ro Newman Ferrara LLP and Aaron Carr of HRI (Getty, Facebook, iStock)
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
Finger and Finger principal Kenneth Finger and landlord activist Jeff Hanley with Westchester (Credit: iStock)
Westchester group lobs its own constitutional challenge to New York’s rent law
Westchester group lobs its own constitutional challenge to New York’s rent law
Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)
The Seychelles to auction off estate at a discount after diplomat’s divorce
The Seychelles to auction off estate at a discount after diplomat’s divorce
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...