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Ariel Property Sells Commercial Building On New Rochelle's Main Street

NEW ROCHELLE, N.Y. -- Ariel Property Advisors has sold a mixed-use commercial building at 81 Centre Avenue on the corner of Main Street in downtown New Rochelle.

Ariel Property Advisors sold 81 Centre Avenue on the corner of Main Street in downtown New Rochelle for $2.95 million.

Ariel Property Advisors sold 81 Centre Avenue on the corner of Main Street in downtown New Rochelle for $2.95 million.

Photo Credit: Contributed
Scot Hirschfield represented the seller, a real estate management firm and procured the buyer, a real estate investment group.

Scot Hirschfield represented the seller, a real estate management firm and procured the buyer, a real estate investment group.

Photo Credit: Contributed
Jason Gold also assisted in selling of the property.

Jason Gold also assisted in selling of the property.

Photo Credit: Contributed

The property sold for $2.95 million.

The sales team of Scot Hirschfield, Jason Gold, Shimon Shkury, and Victor Sozio, represented the seller, a real estate management firm and procured the buyer, a real estate investment group.

The property includes 6,000 square feet of street level retail occupied by a variety of small businesses, as well as 12,000 square feet of fully leased office space.

“The office lofts at 81 Centre Avenue are unique and well-known in the community as a haven for creative types, including artists, photog­raphers, and designers,” said Hirschfield, vice president of Ariel Property Advisors. “Not only are these suites fully occupied, but there is a waiting list to lease them.”

The building’s terra cotta façade, lobby, and hallways were restored several years ago as part of a larger capital rehabilitation program sanctioned by the New Rochelle Business Improvement District. In addition, a new roof was installed and the mechanical systems were upgraded.

The property at 81 Centre Ave. is just blocks away from New Roc City, a shopping and entertainment complex built on the former site of a large shopping mall, and a Metro-North station, which provides easy access to New York City.

 

 

 

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