HomeGoods Property in Mount Kisco Sells for $6.8M in 1031 Exchange Deal

Real Estate In-Depth | September 2019

MOUNT KISCO—The HomeGoods retail property at 3 East Main St. here has been sold in a 1031 exchange transaction valued at $6.8 million.

The deal for the 24,834-square-foot building on 1.24 acres was reported by tech brokerage and trading platform firm B+E of New York City.

The property was sold by The Kempner Corp. of White Plains to a 1031 exchange firm. The property, which includes parking, carries a 10-year double net lease with four to five-year renewal options.

“We are very happy to help sell this property on a forward commitment, before the developers received a Certificate of Occupancy,” says Spencer Henderson of B+E.

The property was put on the market for sale in January for $7.45 million, according to a report in the Journal News.