125-139 East Main Street, New Rochelle
December 3, 2003
Large Boston Post Road Former Auto Dealership Property
Sold To New Owners Who Plan To Lease To Auto, Retail or Office Tenant
Continuing the renaissance of Main Street, New Rochelle, the former New Roc Dodge, 58,500 square foot property opposite Salesian High School at 125-139 East Main Street at the north end of New Rochelle, close to the Larchmont border – has been sold to a partnership of Brause Realty, Inc. and Altman/Burack Partners, LLC, of New York City – who will be offering the property for long term net lease to an auto dealership, office or retail tenant.
The public and business community are anxious to learn which new auto dealership will take over the site. Will it be a MINI Cooper Dealership or a Volvo Dealership, or will the new owners elect to entirely redevelop the building and sites for an upscale office or retail tenant?
The existing property consists of a two-story commercial building with rooftop parking, containing two 12,500 square foot floors totaling 25,000 square feet plus 12,500 square feet of rooftop parking plus an adjoining 4,000 square foot parking or service lot.
In addition, across Stonelea Place there is a former used car lot of approximately 17,000 square feet of land and a 1,350 square foot building
The former Dodge Dealership has consolidated with the Larchmont-Chrysler Dealership, making the property available in its entirety at $7.18 per square foot net for the combined 58,500 square feet of land and buildings.
