The transaction involved a more than 50,000-square-foot state of the art bus / transportation facility on 16.9+/-acres sold to Realterm.
New retailers, such as: Five Below, Michaels, and a pickleball sports center are set to open soon within the former Kmart’s footprint at 335 Downing Drive.
“Mortgage rates in Trump’s first term (at 4%) were the good old days. Are we going to go back to 4%? Per my forecast, unfortunately, we will not. It’s more likely that we’ll go back to 6%.
The transaction involved a more than 50,000-square-foot state of the art bus / transportation facility on 16.9+/-acres sold to Realterm.
Paul Adler, Esq., SIOR and Samuel Adler were recently awarded the Economic Development Award by the Hudson Valley Chapter of the New York State Commercial Association of Realtors for the successful transaction they brokered in connection with the sale of 400 Corporate Court in Valley Cottage.
The transaction involved a more than 50,000-square-foot state of the art bus / transportation facility on 16.9+/-acres sold to Realterm; a company that owns and manages transportation real estate and infrastructure assets that serve land, air, sea and rail networks across the world. The property traded for $11.8 million, according to a report in the Rockland County Business Journal.
“After 45+ years in the commercial real estate business, I am most proud of this deal for what it will bring to the local and New York State economy and humbled to share this award with my son Sam.” said Paul Adler Chief Strategy Officer of Rand Commercial
The sale of this property set an economic price record for Rockland County @ $257-per-square-foot, which will add almost $300,000 to the tax rolls and add 75 jobs to the local economy, Rand Commercial officials stated.
New retailers, such as: Five Below, Michaels, and a pickleball sports center are set to open soon within the former Kmart’s footprint at 335 Downing Drive.
“Mortgage rates in Trump’s first term (at 4%) were the good old days. Are we going to go back to 4%? Per my forecast, unfortunately, we will not. It’s more likely that we’ll go back to 6%.
New York City remains a top market for investment for international groups.
Housing affordability has been a challenge, but the worst appears to be over,”
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