GRAMATAN AVENUE AND BROAD STREET

Mount Vernon, New York

Description

Two neighborhood retail properties located across from one another. Total of 12,584sf with a 4-story structured parking garage

IMPROVEMENTS

Oil to gas boiler conversion, brought leases to market, and renovated and leased vacant spaces

RESULTS

Fleetwood section of Mount Vernon, NY, with close proximity to major regional highways in a robust downtown shopping district

SUMMARY STATISTICS

YEAR PURCHASED: 2003

PURCHASE PRICE: $6,000,000

YEAR SOLD: 2006

SALE PRICE: $11,150,000