Westchester apartment building sold for $16M

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David Mann’s Lighthouse Living has sold the 36-unit
apartment complex at 550 Halstead Ave. in Harrison for $15.6 million.

Marcus & Millichap investment specialists Jim Evans,
Victoria Fisher and Scott Wasserberger, brokered the trade.

 “This was a
generational sale with the goal to exit the New York City market and acquire
newer properties which are less management intensive,” said Evans.

Mann’s company build the complex on the site of the old Port
Chester Lumber Yard 2016 and named it Wood Works. The first new apartment
building to rise in downtown Harrison in over 30 years, the property features a
5,100 s/f rooftop lounge with a bar area, barbecues, and outdoor television.

The property was acquired by an unnamed “long-term owner in
the Metro New York area,” according to Marcus & Millichap.

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