Property: 35 Clinton Place, New Rochelle
Brokered by: Jonathan Hageman, Massey Knakal,
212-696-2500 ext. 7777
Availability: This building features more than 53,000 square feet of residential units, including 42 one-bedroom units, six two-bedroom units, and six studio units. The listing price is $12 million.
Selling points: The subject property is a six-story elevator apartment building, located on the northerly side of Clinton Place between North Avenue and Church Street in downtown New Rochelle. The pre-war brick building has a 70-car parking lot under a long-term lease to ownership and a single-family house on the adjacent lot, both of which provide additional income. Ownership has built, owned, and managed the building since the 1940s. This represents the first sale of the property.