ROYAL PROPERTIES NAMED AS MANAGING AGENT FOR PROPERTIES IN ARDSLEY AND MOUNT VERNON, NY
(Spring 2008)

In Ardsley, NY Royal Properties was selected to manage The Rosewood Building located at 463-471 Ashford Avenue consisting of four retail stores and two apartments. Strategically located at the intersection of Route 9A and Ashford Avenue this property is highly visible. Initial work carried out by the Royal Properties management team include a top to bottom building inspection and immediate repairs to the roof, masonary walls and sidewalks. In addition, new windows had to be installed in one of the apartments along with smoke detectors. Overgrown vegetation was also cut back so as not to interfere with the roof drains. “Sometimes basic maintenance is the only thing needed to bring a building up to its full potential” states David Landes, principal of Royal Properties, Inc.

In Mount Vernon, NY Royal Properties has taken over management of a twelve store retail strip center located at 65-93 Gramatan Avenue. Royal Properties corrected severe roof leaks by conducting an overall inspection and repair program on the roof. In addition, debris was removed from the rear of the property and the entire basement was thoroughly cleaned out and new lighting installed for security and access to the basement utilities. This property is 95% leased with one small vacany of 900 Sq. Ft. This highly visible location on Gramatan Avenue is in close proximity to the train station.

Royal Properties manages Shopping Centers in the tri-state market and continues to look for additional properties to add to its portfolio.

Royal Properties, Inc. is a retail brokerage and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut. To learn more about Royal Properties, Inc. please call 914-237-3403 or visit our website at www.royalpropertiesinc.com.