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Executive Summary

6.33-acre redevelopment opportunity located along Saw Mill River Road in Yonkers, currently home to the Ferncliff Manor School, which will be delivered vacant upon sale. The property presents a rare chance to reposition a large-scale institutional site in a supply-constrained Westchester market.
The site offers the potential to accommodate a variety of uses, subject to approvals. Possible uses include medical office, assisted living, institutional, and mixed-use development. Its size, layout, and frontage support efficient planning for surface parking and campus-style configurations, making it particularly well-suited for healthcare operators, educational users, or phased redevelopment.
Located within an established corridor with strong regional connectivity, the property provides convenient access to major roadways and surrounding population centers. Large, contiguous parcels of this scale are increasingly rare in Yonkers, particularly those capable of supporting a meaningful development program with flexibility across multiple use types.

Property Facts

Price $10,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 6.33 AC
Zoning OL - (OL) zoning permitting office, medical, and research uses, with additional uses subject to approvals.

1 Lot Available

Lot

Price $10,500,000
Price Per AC $1,658,767.77
Lot Size 6.33 AC

6.33-acre redevelopment site on Saw Mill River Road in Yonkers, currently home to the Ferncliff Manor School and delivered vacant upon sale. Rare large-scale parcel with flexible redevelopment potential for medical, institutional, or mixed-use.

Description

1154 Saw Mill River Road offers a prime 6.33-acre development site in Northern Yonkers with (OL) zoning supporting a range of office, medical, and institutional uses, with additional uses subject to approvals. This is a rare opportunity for investors, developers, or end-users seeking scale and flexibility in a highly accessible location. The property features strong frontage and visibility along a major commercial corridor, with immediate access to key highways and proximity to public transportation, providing excellent regional connectivity.

Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
  • Listing ID: 35918107

  • Date on Market: 5/19/2025

  • Last Updated:

  • Address: 1154 Saw Mill River Rd, Yonkers, NY 10710

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