WHITE PLAINS, NY June 6, 2018 — Cushman & Wakefield today announced that the firm has been retained on an exclusive basis to arrange the sale of 22 condominium units within Gateway Condominiums at 257 Central Avenue in White Plains. The asking price for the bulk package of condominium units is $7,950,000.
A team led by Vice Chairman Thomas A. Donovan, with Directors Tommy Lin, Eugene Kim and Robert Rappa, will represent the seller in all marketing efforts.
“This package offers an excellent opportunity for an investor seeking to capitalize on the growing demand for amenity-rich residential in close proximity to the Westchester County Center, extensive shopping and restaurant options, major highways and the commuter rail,” said Thomas A. Donovan of Cushman & Wakefield. “The property is also ideal for 1031 Exchange.”
Gateway Condominiums is a 4-story, 30-unit, elevator serviced luxury apartment building with on-site parking, a gym, picnic area and childrens playground. The bulk package for sale includes 22 free market 2-Bedroom/2-Bath units with a terrace totaling 27,751 square feet, of which two of the units are duplex apartments and all but one are currently occupied. Each unit features a gas fireplace and washer/dryer.
The property is ideally located on the south side of Central Avenue right off the Bronx River Parkway and Cross Weschester Expressway. A half-mile walk to the White Plains train station, the property is in close proximity to City Center, the Weschester Mall and Wesctchster County Center.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.