77 Units Trade in Rare Bulk Condo Sale Outside Manhattan
Cushman & Wakefield has arranged the bulk condominium sale of The Cambium, an upscale condo project in the Village of Larchmont in Westchester County, north of New York City. The remaining 70 unsold units were purchased by the private equity division of an international financial institution. Deal terms were not disclosed.
Noting that bulk condo sales are rare outside Manhattan, Cushman & Wakefield’s Kevin Donner said the offering of 77 units at The Cambium spurred “robust interest” from institutional and private investors. “When investors seek acquisitions in the New York metro area, markets with the most convenient public transit options are consistently at the top of their list,” he said.
Donner was a member of the Cushman & Wakefield team representing the seller, a privately held development partnership. The team also included Adam Spies, Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Ryan Dowd.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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