NEW YORK, NY – June 23, 2014 – Ariel Property Advisors Ariel Property Advisors has announced the sale of a mixed-use commercial building at 81 Centre Avenue on the corner of Main Street in downtown New Rochelle, Westchester County. The property sold for $2.95 million.

The sales team of Scot Hirschfield, Jason Gold, Shimon Shkury, and Victor Sozio, represented the seller, Cornell Pace Inc., a real estate management firm, and procured the buyer, MISR Realty, a real estate investment group.

The property includes 6,000 square feet of street level retail occupied by a variety of small businesses, as well as 12,000 square feet of fully leased office space.

“The office lofts at 81 Centre Avenue are unique and well-known in the community as a haven for creative types, including artists, photog­raphers, and designers,” said Scot Hirschfield, vice president of Ariel Property Advisors. “Not only are these suites fully occupied, but there is a waiting list to lease them.”

The building’s terra cotta façade, lobby, and hallways were restored several years ago as part of a larger capital rehabilitation program sanctioned by the New Rochelle Business Improvement District. In addition, a new roof was installed and the mechanical systems were upgraded.

New Rochelle is a bustling waterfront community whose downtown area serves as home to Monroe College. The property at 81 Centre Avenue is just blocks away from New Roc City, a shopping and entertainment complex built on the former site of a large shopping mall, and a Metro North station, which provides easy access to New York City.