WESTCHESTER COUNTY, N.Y. - Approximately two months after more than 75 employees were laid off at the Elmwood Country Club in Greenburgh, it’s been officially sold for $13 million to a New Jersey developer.
According to a deed filed with the Westchester County Clerk’s office, Florham Park-based Ridgewood Real Estate Partners have closed a deal to purchase the club. The firm also purchased the site of Philips Research North America in Briarcliff Manor for more than $12 million earlier this year.
The club had been on the market for several months as they attempt to sell. Elmwood Country Club, which is a “USGA Local Qualifier” is a member-owned club that spans more than 100 acres. It includes several driving ranges, a golf learning center and year-round programming.
According to Keen-Summit Capital Partners , the company that helped to facilitate the sale, the club had 250 members and a total revenue of $6.5 million in 2016.
While making the sale, officials noted that “this beautiful year-round, member-owned private club features a 6,600-yard, Tillinghast-designed 18-hole golf course along with driving ranges and practice facilities; tennis center with six Har-Tru courts and winter bubble; an Olympic-sized swimming pool and cabana facilities; and year-round fitness facilities. The stunning clubhouse, with restaurant and banquet facilities, overlooks the pool and first tee.
“The Club is supported by its core membership and continues to sell new memberships and to book private parties and special events (such as) weddings, confirmations, bar and bat mitzvahs, as it has for nearly 100 years.”
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