Mamaroneck, New York – Long Island. New York and the area has some great commercial real estate opportunities. There had been months of wondering what would become of the Hampshire Country Club. Finally the Hampshire Country Club, a 116-acre commercial property has sold to NWR Acquisition LLC, a Manhattan commercial real estate firm. The Commercial Property was purchased for $12.1 million and they plan to operate it as a country club. The Commercial Property had discontinued its regular operations in December of 2009. While doing a NNN Commercial Real Estate Property search, we saw the Country Club become available in February for $14.9 million. We were not aware of any 1031 Exchange transaction with this deal.
Joint Ventures on Investment Property
The buyer of this Investment Property was a joint venture. This joint venture was formed by affiliates of Westport Capital Partners LLC and New World Realty Advisors, LLC. The purchased this Commercial Property, the Hampshire Country Club, located at 1107 Cove Road in Mamaroneck, New York. This Commercial Real Estate is situated along the beautiful Long Island Sound. The Hampshire Country Club has convenient access from anywhere in the Tri-State area. The Commercial Real Estate is only 30 minutes by car or train from Manhattan, New York. This Commercial Real Estate investment has breathtaking surroundings, unparalleled elegance and sophistication, and excellent service. The Commercial Real Estate Investment, the Hampshire is the perfect place to unwind and relax with friends and family.
Sell Golf Courses and Commercial Properties
This Commercial Property offers Members and their guests a Devereux Emmet-designed 18-hole golf course, seven Har-Tru tennis courts, beautiful golf and tennis pavilions, and heated swimming and wading pools overlooking the Long Island Sound. This Commercial Property has a newly renovated 35,000 square foot clubhouse offers nearly limitless social and dining possibilities, from upscale choices in our executive dining or banquet rooms to more casual options in the bar, grill, or tapas room. During warmer weather, al fresco dining is available on the outdoor patio that affords views of both the Sound and the finely manicured commercial real estate golf course. This commercial real estate investment has well-appointed dining areas are available to host private events, from small, intimate meals to large banquets up to 250 guests.
Our Commercial Property Search revealed that the Country Club is situated on approximately 116 acres, and was fully redesigned and renovated in 2006. This Commercial Real Estate Investment had renovations to include a beautifully appointed clubhouse, new golf and tennis pavilions, as well as upgraded dining and entertaining facilities. It was renovated extensively under the guidance of Stephen Kay.
The buyers of this Commercial Real Estate are planning to reopen the facility very soon. Hopefully, the Mamaroneck Village Governmental agencies do not run any interference and so this Commercial Real Estate Business can prosper again. This Commercial Property was built in 1927 and had the 18-hole golf course designed by Devereaux Emmet.
The Commercial Property also offers a driving range, chipping and putting greens, seven tennis courts, heated pool, children’s playground, fitness facility and dining rooms. The Commercial Real Estate is conveniently accessible by I-95 and Metro-North’s Larchmont and Mamaroneck train stations.
Net Lease Properties and Commercial Real Estate Investments are available for acquisition. Also for commercial real estate investors in a 1031 exchange.
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