A popular Rye apartment complex, known as The Highlands at Rye, is up for sale as the current owner looks to sell Westchester holdings in an effort to concentrate on Manhattan properties.
NGKF Capital Markets is representing 1920-era apartment-business site at 131-151 Purchase Street. It consists of an 108-unit apartment complex with ground-floor retail and office space. The 90,000-square-foot property is centrally located on the main Purchase Street shopping thoroughfare in downtown Rye and directly across the Rye train station. It is 98 percent leased, says Stephen Westerberg, senior managing director of Newmark Grubb Knight Frank based in Greenwich.
Westerberg gave us a tour on Wednesday of the well-kept complex to update an earlier posting.
It is on the corner of Purchase Street and Highland Road. It has lush flower beds, a grassy sitting area in the courtyard and a fitness center for residents. The retail offices consist of a dry cleaner and tailor shop, a hair salon, a Diet Center office and soon-t0-come Blue Tulip Chocolates.
For information on the purchase of the property, go to NGKF’s website. Anyone interested in an apartment should call directly to the rental office at 914-967-1500.