Kempner Properties News Today

The single-story commercial building at Cherry and Park Streets—former, longtime home of Merrill Lynch—has sold for $2 million, records show. The 1966-built brick structure at 4 Cherry St. was purchased by a limited liability company whose principal is listed in state records as a Stamford man. The company, DP 4 Cherry Street LLC,  acquired the […]

SALES Kempner Properties announced the acquisition of Paltz Commons, a 36-unit garden style apartment complex in the town of New Paltz, NY, for $7.6 million. The 29,530 s/f property comprised of three buildings at 144 Main Street is fully occupied and primarily leased to students of SUNY New Paltz, a four-minute walk away. Built in 1966, the building features 41 on-site parking spaces. Managing partner Peter Kempner said the site was purchased directly from the longtime owner. RANDY BLANKSTEI...