9,850 SF RETAIL BUILDING IN RYE SELLS FOR $5.6M

RYE, N.Y. — The City of Rye has sold 1037 Boston Post Road, a 9,850-square-foot retail building in Rye, a southern suburb of White Plains, for $5.6 million, or $568 per square foot. A Long Island investor purchased the property, which is fully leased to Lester’s, a New York clothing retailer. The property was built in 1951 and includes a 42-vehicle parking lot and full walkout basement. Gene Pride and William Cuddy of CBRE’s Stamford, Conn. office represented the seller in the transaction.