Real Estate
New Rochelle Apartment Building Being Sold Again
This will be the second time the building has changed hands since 2013.
NEW ROCHELLE, NY — One of New Rochelle's downtown high-rise apartment buildings is being sold for the second time since 2013. The Halstead, a 39-story building, is being bought by HGI Acquisitions LLC in Virginia.
The company won't comment on the sale until it's finalized, but it's expected to close in December, the Journal News said.
Formerly known as Avalon II, the building, located at 40 Memorial Highway, was given a 30-year tax break in 2004, which will continue for the new owner.
Find out what's happening in New Rochellefor free with the latest updates from Patch.
The city will get $1.2 million from the sale due to fees.
Get New Rochelle Patch’s daily newsletters and news alerts right in your inbox. Find and “Like” Hudson Valley Patches' Facebook Pages.
Find out what's happening in New Rochellefor free with the latest updates from Patch.
Photo caption: From left, The Halstead and La Rochelle. Photo credit: Google Maps.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.