Houlihan Lawrence Commercial, a division of Houlihan Lawrence, the leading real estate firm serving New York City’s northern suburbs, has announced the recent sale of 1157 Pleasantville Road, Briarcliff Manor for $735,000 or $460 per square foot. The 1,600 square foot retail building,which is located in the main shopping district, was formerly an art gallery and picture framing shop.
The seller was the long–time owner/operator of the gallery. The purchaser was a 1031 investor with plans to renovate the building and offer it out for lease. Garry Klein, Associate Broker and Regional Manager of Houlihan Lawrence Commercial, represented the seller in the all-cash transaction and the buyer was represented by Thomas Lee, RE Broker.
“This property is in the very heart of the Briarcliff Manor downtown retail core, with tremendous leasing upside for a variety of retail uses,” stated Klein. “It was a rare opportunity to acquire a very well located retail asset in a prestigious and affluent community,” he added.
