Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Rand Commercial Brokers $9.3-Million Sale of 522-Acre Hudson River Compound
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.”