Real Estate Weekly
Image default
Deals & Dealmakers

Westchester apartment building sold for $16M

David Mann’s Lighthouse Living has sold the 36-unit apartment complex at 550 Halstead Ave. in Harrison for $15.6 million.

Marcus & Millichap investment specialists Jim Evans, Victoria Fisher and Scott Wasserberger, brokered the trade.

 “This was a generational sale with the goal to exit the New York City market and acquire newer properties which are less management intensive,” said Evans.

Mann’s company build the complex on the site of the old Port Chester Lumber Yard 2016 and named it Wood Works. The first new apartment building to rise in downtown Harrison in over 30 years, the property features a 5,100 s/f rooftop lounge with a bar area, barbecues, and outdoor television.

The property was acquired by an unnamed “long-term owner in the Metro New York area,” according to Marcus & Millichap.

Related posts

JLL arranges $387.5M sale of New York City multi-housing community

REW

Northwell Health Breaks Ground On World-Class Medical Pavilion Coming To New York City

REW

Alchemy-ABR Investment Partners Close On 18 NW 23rd Street For Their First Residential Project In Florida

REW