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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. ....
SALES CBRE announced the sale of a religious facility located at 108 Washington Place in Passaic, NJ. The former Presbyterian church was acquired by the Church of God Prophecy for $750,000. Charles Berger and Samuel Bernhaut and Nicole Nannola of CBRE’s Retail Services, represented the seller, Trustees First Presbyterian Society of Passaic, and procured the buyer, another religious institution that will continue to cater to the neighborhood. Built in 1927 to serve the Jewish congregation B’nai Benjamin, 108 Washington Place is a 12,790 s/f, two-story house of worship that can accommodate up to 400 people in the main sanctuary and balcony. The lower level contains additional meeting rooms, offices and a full industrial kitchen. The property is near multiple bus lines and is two blocks away from Main Avenue, Passaic’s main commercial thoroughfare. ....