Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
WEST PARK, NY—Rand Commercial reports that it has brokered the $9.3-million sale of more than 522 acres of land here that was home to the Missionary Sisters of the Sacred Heart located on both sides of Route 9W.
The property at 2054-2055 Route 9W was acquired by and will be the new home for the Bishops of the Coptic Church of New York and New England, Rand Commercial stated. The Hudson River side of the property housed the convent, administrative building and chapel of the Missionary Sisters of the Sacred Heart.
Property directly across Route 9W in this hamlet of Esopus used to serve as the St. Cabrini Orphanage. The site included a school, classroom building, cafeteria, gymnasium and dormitories of the former West Park School District.
Paul Adler, Esq., SIOR, Chief Strategy Officer of Rand Commercial, who represented the seller and the buyer in the transaction, said the sale allows the property with its “stunning Hudson River views” to be preserved.
“While commercial real estate is about square footage, zoning and acreage, this transaction was helped with divine intervention,” Adler said. “The marriage of the Missionary Sisters of the Sacred Heart and the Coptic Church of New York and New England was a match made in heaven.”
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
City and State honored 100 “New Yorkers who are on the front lines, creating jobs and spurring economic growth on the local, state and national levels.”
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