Buy One Building, Get A Second Building For Free?

Buy One Building, Get A Second Building For Free? Here's something you don't see every day: an offer to purchase one commercial property while getting a second commercial property for free. reports that this unusual two-for-one deal is being offered by Prudential Blake Commercial Realtors in Colonie, N.Y., which is trying to sell a pair of former bank buildings located in the upstate New York towns of Cohoes and Castleton-on-Hudson. The Cohoes property is currently being rented to the Albany County Sheriff's Department, while the Castleton-on-Hudson property previously housed an art gallery and is now vacant.

The company has tried to sell both properties separately – the Cohoes property (pictured left) for $650,000 and the Castleton-on-Hudson property for $129,000 – but was unable to secure buyers. As a result, the two properties are being sold together for $495,000.

‘We thought that might grab some attention and generate more interest,’ says Rick Kessler, a Prudential agent who acknowledged this was a highly unlikely approach to commercial property sales. ‘Sometimes situations present themselves. It takes somebody with gumption to take advantage of it.’

(Photo courtesy of Prudential Blake Commercial Realtors)


Please enter your comment!
Please enter your name here