January 30, 2020
CBRE arranged the $1.2-million sale of Centennial Hall, an 8,500-square-foot social hall located at 29 Tulip Ave. in Floral Park, NY. Built in 1925, the building once served as a Masonic Temple.
Jay Gelbtuch and Eric Gillman of CBRE represented the seller in the transaction, the Village of Floral Park. The building was acquired by Friedman Group LLC, which plans to redevelop the space into a multifamily property.
“Centennial Hall is a coveted fixture in the Village of Floral Park, so it was important that we partner with the Village board to identify the needs of the village residents.” said Gelbtuch.
He added, “After several visioning sessions with the village residents, it was determined that a multifamily development would be the most efficient use for the space, as it would allow for the building to be preserved without negatively impacting the parking or traffic in town.”
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