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New York & Tri-State  + Fairfield/Westchester  + Distressed Assets  | 
115 Cedar St New Rochelle NY bankruptcy sale distressed real estate

Newmark Tapped for Bankruptcy Sale of New Rochelle Parcel

Newmark has been hired to lead the bankruptcy sale of a 19,706-square-foot prime development site at 115-117 Cedar St. in New Rochelle, NY. The property is zoned for as-of-right commercial uses and can span up to 137,942 square feet of buildable space. Managing director Ron Solarz represents ownership, retained by the owner’s bankruptcy estate.  

The property’s zoning designation provides diverse future uses that will appeal to the broader group of investors and developers. Current ownership of the site has assembled a complete set of drawings for a 146,000-square-foot hotel featuring two restaurants and a full-scale catering facility. The hospitality component sits atop a built-in 433-car parking structure. 

“New Rochelle has been growing very quickly over the past few years as the city looks to embrace new developments,” said Solarz. “This site at Cedar Street offers a potential investor to buy a well-priced development opportunity.


Inside The Story

Newmark’s Solarz

About Paul Bubny

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 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).

  • ◦Sale/Acquisition