Friedland Realty Advisors Close $10.2M in Deals

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The retail division completes six transactions in Westchester County and the Bronx

Friedland Realty Advisors has announced six retail deals throughout Westchester County and the Bronx. The transactions include over 50,000 square feet of space and land, totaling more than $10.2 million.

Friedland’s Joe Pomerantz recently brokered the sale of 2,700 square feet of space and 12,500 square feet of land at 64 Centre Avenue in New Rochelle. The property was sold to Elliot Kracko from North Union Realty for $1,200,000. Pomerantz represented the former owner, Morchar Realty Corporation, in the transaction.

In Yonkers, broker Karnit Mosberg led two transactions, including one sale and one lease. Bobjoy Motors purchased the 19,000-square-foot property at 2020 Central Park Avenue from TD Bank for $2,550,000. Mosberg represented the seller in the transaction. In addition, Mosberg represented State Farm in the lease of 980 square feet at 2370 Central Park Avenue. The landlord for the property is Tanglewood Shopping Center.

In recent months, Friedland Realty Advisors has continued to see growth in the Bronx with three new deals. Brokers Steve Lorenzo and Mia Abdou represented the buyer and seller during the transaction of 151-165 E. Burnside Avenue. The 10,000-square-foot property, formerly owned by Marchaz Realty Corporation, was sold to a private investment group.

Robin Herko and David Scotto closed the terms on a lease bringing Subway to 905 White Plains Road. The landlord for the 1,050-square-foot restaurant is 905 WPR LLC. Herko and Scotto represented both the landlord and the tenant.

Also in the Bronx, Rick Stassa brokered the lease of the property located at 934 E. Gun Hill Road. The landlord, Franciosa Development LLC, leased 4,300 square feet to 21st Street Associates LLC. Stassa represented both the landlord and tenant in the deal.

“Retail is a key economic driver in Westchester County and the Bronx,” said Bob Friedland, CEO and Founder of Friedland Realty Advisors. “These six transactions are a testament to the strong retail industry in the area.”

About Friedland Realty Advisors:
Friedland Realty Advisors is a full-service commercial real estate firm with a 40+-year-pedigree serving metropolitan New York and the Tri-State area, with a focus on Westchester and the Bronx. With offices in both Harrison and Manhattan, the firm also handles properties and clients in Putnam, Rockland, Connecticut and New Jersey. Friedland Realty relies on a team of talented, veteran brokers who represent properties in retail, industrial, office and investment sales markets. Friedland Realty’s brokers are supported by cutting-edge technology and databases that allow its brokers to find their clients the best lease or purchase options available. Friedland Realty Advisors is located at 440 Mamaroneck Avenue in Harrison, NY and can be reached at (914) 968-8500 or by visiting http://www.friedlandrealty.com.

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Kayleigh Lentz
Co-Communications, Inc.
+1 914-666-0066
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since: 07/2014
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