News

Hudson Valley: Blake of C&W/Pyramid Brokerage sells Washingtonville Bank building for $300,000


Date Posted: November 28, 2018

Guy Blake, CCIM, from Cushman & Wakefield/Pyramid’s Hudson Valley office, successfully brokered the sale of 7 West Main Street, Washingtonville, NY. Blake represented the seller, DBChase, LLC, a privately held investment company. The building sold for $300,000.

The property, located at the signaled intersection of Routes 94 and 208 in Washingtonville, NY, is a 3,744 sf free standing building currently occupied by Chase Bank. It’s a short term tenancy, however, as Chase’s lease expires 12/31/18 and they are moving to a newly built location up the street.

“It took a special buyer”, said Blake, “With the short term lease, he recognized the inherent value in the location even though it was going dark.”

The buyer intends to re-lease the building, ideally to another bank or professional, who can benefit from the “Main and Main” location. Blake/Pyramid has been engaged to handle leasing at the building. MORE INFO

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