NSI INDUSTRIES SELLS 33,000 SF FACILITY IN MOUNT VERNON FOR $2.3M

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MOUNT VERNON, N.Y. — NSI Industries has sold a 33,000-square-foot office and manufacturing building located at 1 and 2 Grove St. and 60 and 120 S. Terrace Ave. in Mount Vernon, about 20 miles north of New York City, for $2.3 million. The buyer, Michael Anthony Holdings Inc., purchased the property as an investment. NSI Industries will lease the building back for a defined period of time. The building includes concrete floors, masonry and brick walls, ceiling heights up to 16 feet, a sprinkler system and approximately 10,000 square feet of recently updated office/engineering space. Jim Panczykowski of Binswanger’s New Haven, Conn. office handled the transaction.

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