$101.3M multifamily sale in Elmsford tops list of largest commercial transactions in Westchester for 2018

TRD New York /
Dec.December 05, 2018 11:53 AM

A garden apartment complex in Elmsford that sold to Ares Management for $101.3 million in July was the largest commercial real estate sale in Westchester County this year, the Westchester County Business Journal reported. The sale of 32 Nob Hill Drive was also the only nine-figure deal that took place in the county this past year, according to the outlet, which compiled a list of the 11 biggest commercial real estate sales of 2018. Second on the list was the $91 million sale of the Talleyrand Apartments complex in Tarrytown, followed by the $83 million sale of the Westchester Financial Center in White Plains. The list showed that investors “spent large sums of money on existing apartment towers and complexes,” the outlet reported. [WBJ]


Related Articles

arrow_forward_ios

The Seychelles to auction off estate at a discount after diplomat’s divorce

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Paul Simon’s Connecticut estate is on the market for $14M

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

This new bill is taking aim at property taxes for golf courses — including Trump’s

Placeholder image

Rockland County’s troubled Time Nyack Hotel gets a new owner

Placeholder image

Edge-on-Hudson developers enlist architect for parks and paths

Placeholder image

Report finds Norwalk and Stamford have highest rents in Connecticut

arrow_forward_ios