Scherreik of C&W | Pyramid Brokerage Sells Community Products Building, Chester NY

Date Posted: January 16, 2020

Exclusively representing the seller, Robert W. Scherreik, Executive Managing Director with Pyramid’s Hudson Valley office in Newburgh, NY, brokered the sale of 101,174 SF industrial and office building at 24 Elizabeth Drive in Chester, NY. Situated in Orange County’s largest industrial park with over 3.4 million SF, the building includes 91,410 SF of warehouse space and 9,764 SF of office space on two levels. Presently occupied by two tenants, the investment property sold for $9.6 million. Pyramid Brokerage Company was the sole broker involved in the transaction. The property was sold to a NYC-based family investment group.

Orange County, NY is known as the “Crossroads of the Northeast” because of its strategic location along major interstates north of Metro NY and New Jersey, south of NY’s Capital District and points east and west.

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