Equestrian estate development in Chestnut Ridge sold for $21 million; Route 59 car wash site sells for $2.5 million; Briefs
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Equestrian estate development in Chestnut Ridge sold for $21 million
Developer Joel Weber has sold his stake in the proposed Equestrian Estates project in Chestnut Ridge for $21 million. Weber, through Pascack Group LLC and Pascack WL Holdings LLC, transferred ownership of the undeveloped land to Stalwart Chestnut Ridge LLC of Brooklyn, NY.
The sale included six separate parcels.
Original development plans called for a mixed-use residential/commercial community located less than half a mile south of the Garden State Parkway. The 39.6 acre site is an assemblage of six separate tax lots currently zoned for labs/offices and residences on large lots.
Plans for the equestrian estates included 84 market-priced two-bedroom rental apartments, 62 market-priced three-bedroom semi-detached condominium units, and 118 primarily two-bedroom seniors’ rental units, half of which were reserved for residents of over 55 years old.
The development also offered community amenities including a clubhouse, swimming pool, tennis courts, basketball courts, and walking paths, as well as a 1.8-acre nature center and green space .
The rental apartments would be located on approximately 38,000 square feet of retail/commercial space on the first floor, and there is an additional commercial area located north of the mixed-use buildings to accommodate a one-story apartment building. a maximum area of 7,500 square feet.
A $12 million mortgage was granted in favor of Red House Funding LP of Woodmere, NY.
Spark Car Wash arrives on Route 59 in West Nyack; Site sold for $2.5 million
The main piece of West Nyack real estate at 357 Route 59 housing the shell of the closed car wash that once belonged to former Orangetown supervisor Chris Day has changed hands again. The 1.41 acre parcel of land zoned RS (Regional Purchases) was sold to a Delaware LLC for $2.5 million and will become the future home of Spark Car Wash, a member-based car wash chain from New Jersey.
Car washes are authorized by special permit in the RS area.
The property had previously been sold in March 2020 for $2.3 million. Plans submitted to the Clarkstown Planning Board were for a proposed 2,192 square foot addition to the existing 3,059 square foot building. Those plans were submitted by Evershine, a Staten Island-based car wash with an additional location in North Carolina.
Former Orangetown supervisor Chris Day originally acquired the property in 2016 for $1.4 million.
67 North Main Street in New City sold to Brooklyn’s Prospect Park Yeshiva
The multi-tenant office building at 67 North Main Street in New City has been sold for $4.1 million to Prospect Park Yeshiva Inc. The 23,000-square-foot, three-story office building has 70 spaces of parking on 1.7 acres and has housed many office tenants since it was built in 1985.
Prospect Park Yeshiva provided a $2.7 million mortgage in favor of First Bank of Hamilton, NJ to acquire the property.