Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell 191-Unit Apartment Building Located In White Plains

06/06/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell an apartment building at 235 South Lexington Avenue. The property is located on the corner of South Lexington and Maple Avenues in White Plains, New York. The asking price is $29,000,000.

The 13-story, 191-unit elevator serviced building contains approximately 222,155 square feet and sits on an 80,586 square foot lot.  It consists of 186 residential units, five office suites, and 209 on-site parking spaces.  The residential unit mix comprises 3 studio units, 97 one-bedroom units, 74 two-bedroom units, and 12 three-bedroom units.  The building features four elevators and an on-site laundry facility. 

This property offers tremendous upside potential and is a rare opportunity for an investor to own one of the largest apartment buildings in Westchester County.  It is centrally located one block from White Plains Hospital and near City Center on Mamaroneck Avenue.  The Metro-North station is less than one mile away and the Bronx River Parkway and I-287 are in close proximity as well.

For more information on this listing, contact Massey Knakal Partner Thomas A. Donovan at 718.275.3400.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

06/06/2013 - 08:17

Source

Cushman & Wakefield Capital Markets Group New York

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