Generational Ground Lease Asset - 70 Nardozzi Pl

Jones Lang LaSalle America, Inc. (“JLL”) is pleased to exclusively present the rare opportunity to acquire the fee position in 70 Nardozzi Place, New Rochelle, NY (“Land,” “Site” or “Asset”), located 20 miles from Manhattan. The Site is subject to an existing ground lease with ±91.8 years remaining (expiration of January 2118) and is currently improved by a mixed-use development with the City of New Rochelle (Moody’s: Aa2) municipal offices at grade level, LA Fitness and Dello Russo Laser Vision on the second level, and an above-grade parking field supporting the property. The irreplaceable real estate is in one of the most sought-after submarkets in New York. The Site benefits from proximity to both the Amtrak and Metro-North railway networks that ensure flexibility for local travel, along with accessibility to major highways like I-95, Boston Post Road (US-1), and the Hutchinson River Parkway, attracting commuters and residents while enhancing its role as a regional transportation hub.

This offering presents investors the opportunity to acquire irreplaceable Land with contractually increasing stable cash flow at the epicenter of the country’s most notable city is extremely rare and presents a truly generational opportunity.