Larchmont’s Cambium Surpasses Halfway Mark in Sales, 77 Units Sold to One Buyer

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The Cambium in Larchmont has surpassed the halfway-mark in sales, according to sales agency Houlihan Lawrence.  The 8-story development, completed in 2015,  has  147 condominium units, ranging from a 999 sq. ft. 1-bedroom (1.1 baths) listed at $649,000 to two 2,995 sq. ft. penthouses (2 bed, 3.1 bath) listed at $1.875 million.

77 of those are now owned by an affiliate group of Australia-based investment bank Macquarie Group Limited.   A subsidiary of Macquarie was recently tapped to operate Westchester County Airport in a public-private partnership.

According to Houlihan agent Mary Gail Barry, “quality new construction, great amenities and proximity to all Larchmont has to offer has resulted in the recent momentum in sales.”  61 units are available.

7 thoughts on “Larchmont’s Cambium Surpasses Halfway Mark in Sales, 77 Units Sold to One Buyer

  1. The apartments are for sale. Every once in a while an owner will put up a unit for rent so there have been a few rentals. The building is mostly owner occupied and will remain so. The owners also make up the condo board now. Demand has been strong the past several months and remains so. Over 20 sold since September alone. The new owners have opened up a brand new model apartment that is beautiful. Feel free to make an appointment and see for yourself.

  2. We too have been owners and residents since mid-2016, shortly after the building opened in early 2016. Our community of residents includes downsizers like ourselves, young couples, families with young children, those who work and those who have retired. In our case, we have made many new friends, and strengthened other relationships with neighbors and train friends whom we have known or recognized from our 20+ years living here.

    We are excited by the constant stream of prospective buyers that we see coming through the lobby, as there are only 61 residential units left for sale. Most are in the just completed Phase 2, and have been recently made available for sale. We look forward to accomplishing the goal of a fully sold-out condominium!

  3. There have been over 20 sales in the Cambium since September, many of which were in the recently completed final phase.

  4. We have now been owners and tenants in the Cambium for two years…we love our home, neighbors and the amenities of living in a first class condo…and most importantly, after selling our house less than a mile away (that we lived in for 23 years) we are still part of the wonderful Larchmont community. We are thrilled that Phase 2 is now completed and that we will have a whole new set of neighbors to welcome
    I expect that these apartments will be sold quickly…

  5. So let me get the #’s correct. There are 147 units, of which 77 were just purchased by one investment group. 61 units are still available for sale, which adds up to only 9 units being sold since the completion of the building in 2015. What’s the problem with the building aside from overlooking the projects on fifth avenue, the garbage dump, & the I95 toll plaza?

    • 61 of the 77 are still available. The rest of the apartments in the building are sold and occupied. Most of the remaining apartments were just completed and have courtyard or Chatsworth Ave views. You should go see them for yourself. They are beautiful. Here’s what two residents say:

      “Having moved from NYC, the Cambium has been the perfect fit for my growing family to get acquainted with life in the suburbs. We love the proximity to the train and playgrounds, walking to town and all the building’s amenities, especially the playroom.”

      “We have lived in this local community for over 20 years, and love Larchmont in particular. Since we no longer wanted the responsibilities of owning and maintaining a large house, we were thrilled to find The Cambium. Everything is bright and new, with no homeowner responsibilities…and with our common areas for owners and residents: we have a wonderful place to entertain family and friends, at gatherings of any size. And best of all: we didn’t even have to leave Larchmont”

      And here are some photos of an apartment: https://www.houlihanlawrence.com/property/190651823/10-byron-place-ph812-larchmont-ny-10538

  6. Sounds to me like an investment to control the condo board and rent units until such time as demand for ownership picks up. When this project was first conceived by the original developer it was proposed as an upscale rental building. It’s taken 15 years and three developers to prove him right.

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