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Four Industrial Buildings In Clarkstown Executive Park Sell for $38.5 Million
Sasson Ventures and Arnie Sue Holdings, the developers of the Clarkstown Executive Park off Route 303 in Valley Cottage, sold four parcels to ECP 287 Property LLC, an arm of Darien, Connecticut-based East Capital Partners. The price for the four parcels was $38.5 million.
The parcels are 612 and 614 Corporate Way, and 704 and 706 Executive Boulevard in Valley Cottage. The industrial property covers 16.54 acres.
The buildings total 220,000 square feet, primarily of small bay industrial space with 20 foot ceiling heights, 36 drive-in or dock doors, and parking for 473 cars. Unit sizes range from 1,000 to 40,000 square feet.
The property is currently 96% leased to 27 tenants across diverse industries including wholesale and distribution, healthcare, financial services, logistics, and construction.
Financing in the amount of $26.62 million was provided in part through consolidation of existing debt by Pacificcal Debt II LLC, a Delaware LLC based in California.
According to its website, East Capital Partners invests in institutional real estate and developments in the Eastern United States on behalf of its own account, pension funds and other leading institutions and individuals.
In December, RCBJ reported that the Rockland Pickleball Club signed a 21,500 square foot lease at 704 Executive Boulevard in Clarkstown Executive Park. Rockland Pickleball Club is the county’s first indoor pickleball facility.
Michael Bruno Sells Sloatsburg/Tuxedo Development Site For $2.995 Million
Michael Bruno’s Tuxedo Hudson #6 LLC sold three parcels of land along Route 17 in Sloatsburg and two parcels in Tuxedo (Orange County) to Pomona-based 225-227 Orange LLC. The sales price was $2.995 million.
The five parcels total about 12 acres of residential land consisting of a large level area at the road and several terraced areas uphill with views of Harriman State Park. There is an existing historic stone barn and a historic farm house. The property can be further subdivided in accordance with local bulk regulations.
It is zoned MU-1 (Residential/Neighborhood Commercial) with wholesale business listed as one of the potential uses. The road work (that has been underway for 6 years) has been completed and new water, sewer and gas lines are available.
The seller provided financing in the amount of $1 million.
225-227 Orange LLC’s managing member is Chaim Einhorn. Einhorn is a principal in DeeJays South Inc, an electronics company.
Bruno’s Tuxedo Hudson #6 acquired the Sloatsburg properties in 2016 for $900,000. His companies own the nearby Valley Rock Inn and other commercial properties in and around Sloatsburg and Tuxedo.
Viola Road Development Parcel Sells Again; This Time For $51.25 Million
In July of 2022, RCBJ reported that one of the last large undeveloped parcels along Viola Road in Monsey has sold for $38 million. The buyer was Regency Estates At Viola Hills, LLC, part of Berel (Barry) Farkas’ Brooklyn-based Lightstone Management group. The 58-acre site at 260 Viola Road is zoned R-25 (residential).
That property traded in January for $51.25 million. The buyer is a consortium of LLCs – Viola Owner LLC (81.4%), Viola Owner AT LLC (6.5%) and Viola Owner B LLC (12.1%).
Existing financing was maintained through Mt. Ivy Crossing LLC.
A website, lakefrontdevelopers.com, advertised 400 townhomes in development, but a search of the relevant land use boards revealed no pending development applications.
In May 2025, the Ramapo Town Board adopted a local law allowing Planned Unit Developments outside the Town’s Northeast Area on lots of 10 acres of more, allowing a developer to seek “site specific zoning” as an overlay over existing zoning limitations, provided the plan is in accord with the town’s Comprehensive Plan, or any proposed amendments to the plan.
PUDs are “floating zones” created to encourage creative residential, commercial or mixed use development, including the construction of smaller and more affordable apartments and single-family detached residences. Ramapo, like the rest of Rockland County, is facing a crisis in both affordable and available housing units.
The PUD is akin to a type of “form-based zoning,” where what you design and build is more important than where it gets built. In traditional zoning codes, each zone determines what type of use and structure can be built within the confines of the zone – e.g. single-family zones, multi-family zones, retail zones, etc.
Also Sold: South Little Tor Shopping Plaza Sells For $1.45 Million
New City-based LTR Plaza LLC sold a shopping plaza at 303-305 South Little Tor Road in New City for $1.45 Million. The buyer is Bronx-based Deglomini New Ventures LLC. The .76 acre commercial property was built in 2017.
Also Sold: Spring Valley Automotive Property Sells For $1.58 Million
Berfil Corp. sold a one-story, 3,500 square foot automotive building to 59 Auto Works LLC for $1,580,000. The property is located at 81 East Route 59 in Spring Valley.
Broker Bruce Rothman, of B. Rothman, Inc. represented both the buyer and seller.
The buyer plans to use the commercial property on .20 acres as an automotive repair shop. The buyer also owns a Mobil station in Spring Valley, a Sunoco station in Pearl River and an automotive repair shop in Nanuet.
