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SALES
Kempner Properties announced the acquisition of Paltz Commons, a 36-unit garden style apartment complex in the town of New Paltz, NY, for $7.6 million. The 29,530 s/f property comprised of three buildings at 144 Main Street is fully occupied and primarily leased to students of SUNY New Paltz, a four-minute walk away. Built in 1966, the building features 41 on-site parking spaces. Managing partner Peter Kempner said the site was purchased directly from the longtime owner.
RANDY BLANKSTEIN The
Boulder Group completed the sale of a single tenant Dollar General located at 1989 East Shore Drive in Lansing, New York for $1,465,000. The 9,002 s/f property is located on Route 34 near Lansing Pizzeria, USPS, Lansing Car Wash, and Lansing High School. It is six miles north of Cornell University.