Royal Properties, Inc. is pleased to announce that Jeanine Kemm has brokered the sale of two properties in Monroe, New York.
514 Route 17M is a parcel and was home to Mr. Cone for the past 50 years. 1 Freeland Street is a 4,800 square foot freestanding building on 0.25 acres. This two-story retail building was erected in 1970, has four storefronts and eight upper level spaces. The building also provides 25 parking spaces.
Both properties are located adjacent to each other at a four-way intersection of Route 17M and Freeland Street, one of Monroe’s most highly trafficked areas. Neighboring retailers include CVS, ShopRite, Verizon, Dunkin’ Donuts, USPS, Dollar Tree, Rite Aid, Retro Fitness, AT&T, GNC, Burger King and many more.
“These parcels will be combined and leased to NorthEast Community Bank. By purchasing both parcels, NECB was able to obtain the visibility and ease of access of this prime corner. The Monroe market is a natural expansion area for NECB, who is looking forward to serving the community,” states Jeanine Kemm of Royal Properties, Inc., who represented the buyer in both transactions. Pyramid Brokerage Company represented the property owners.
NorthEast Community Bank (NECB) is a New York State chartered savings bank that operates four full-service branches in New York, four full-service branches in Massachusetts and loan production offices in White Plains, New York, New City, New York and Danvers, Massachusetts.
Royal Properties, Inc. will continue to assist NECB in their New York expansion throughout Westchester, Rockland and Orange counties. They are currently seeking 1,500 – 4,000 square foot buildings for sale. For additional information, please contact Jeanine Kemm (Jeanine@RoyalPropertiesInc.com) at 914-237-3400, Ext. 111.
Royal Properties, Inc., is a retail brokerage and consulting company specializing in sales and leasing throughout New York, New Jersey & Connecticut. To learn more about Royal Properties, Inc., please call 914-237-3400 or visit our website at www.RoyalPropertiesInc.com.