The two-story 1776 Eastchester is on seven acres adjacent to Simone Development's 740,000-square-foot Hutchinson Metro Center office complex, with 121,961 square feet on the first floor and 82,054 square feet on the second floor. It includes 10,000 square feet of office space, which Simone Development says is expandable.

In the release, Simone Development president Joseph Simone says the property offers "tremendous potential for a number of commercial uses." In particular, Simone says, "With four major hospitals less than a mile away and a growing base of medical practices at the Hutchinson Metro Center, this property is ideally situated for conversion to a biotech research center."

The property's location is advantageous in more ways than one, says Simone. It's near the site of the 911 Call Center that New York City is scheduled to begin constructing in March of 2010, which will mean infrastructure improvements to the immediate area, including a new public road with bus service and upgrades to electrical power transmission in the area. "The construction of the 911 Call Center will be a major boost for commercial properties in the immediate area, including the Old London site," he says in the release.