Tight market helps owners realize $17m in sales tags.

Eric S. Goldschmidt, Partner at Scarsdale, New York based Goldschmidt & Associates, announced that his office has brokered the sale of three Westchester County properties and one Fairfield County property in the past month.

The 18,500 s/f retail condominium at 4 Martine Avenue, White Plains was sold to a group of investors. The asking sales price was $4,800,000. The stores are anchored by Pizzeria Uno.

The 15,000 s/f Donny-brook Shopping Center, Weaver Street, Scarsdale was sold to a private investor. The asking sales price was $6.5M. The property, anchored by Big Top, is a very popular center, just south of the well-known "Five corners" of Scarsdale.

Mr. Goldschmidt was the sole broker on the above sites.

Laurence London, of Goldschmidt & Associates joined Mr. Goldschmidt in the sale of the 36,000 s/f building located at 10 Commerce Drive, New Rochelle). The seller was MF Realty, the purchaser was a group associated with the building's tenant, Somnia Inc. In August of 2004,

Goldschmidt & Associates represented Somnia in a long-term lease for 18,000 s/f at the property. Shortly thereafter, Sonmia, Inc. exercised its option to purchase. The asking sales price was $4,200,000.

Messrs Goldschmidt and London also teamed up on the sale of a 14,000 s/f warehouse building at 225 Greenwich Avenue, Stamford, CT. A private investor purchased the property from the owners who were associated with the Rosenfeld Ribbon Company. The asking sales price was $1,800,000.

The Sales Division of Goldschmidt & Associates has been very active in the past year, with 10 sales totaling almost $50,000,000.

"The market is very tight". Mr. Goldschmidt explained. "With interest rates at historical lows, with 1031 and foreign money looking for bricks and mortar, sellers can command high sales prices and get them. Deals are very difficult to make, but our staff has been involved in investment sales for 35 years and we know how to make them."