BOWMAN SHOPPING CENTER

Rye Brook, New York

Description

9,400 sf retail neighborhood shopping center

Location

Established neighborhood retail center in the hub of Rye Brook shopping district with high barriers to entry.

IMPROVEMENTS

Over the course of 3 years, converted every lease from gross to triple net (NNN).  Net Operating Income doubled. Capital improvements included remediation of UST, parking lot, lighting and landscaping.

SUMMARY STATISTICS

YEAR PURCHASED: 2001

PURCHASE PRICE: $1,825,000

YEAR SOLD: 2004

SALE PRICE: $4,262,082