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Business in the Burbs

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Banks sells NYC building

July
2

Northeast Community Bancorp Inc., the White Plains-based banking company, has sold a branch office building at 1353-1355 First Ave. in New York and signed a 99-year agreement lease so that it can retain an office there.

The company expects to record a pre-tax gain of $18.8 million, not including transaction expenses, in connection with the sale of the building.

This entry was posted on Monday, July 2nd, 2007 at 3:47 pm by Mike Bieger.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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