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.
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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