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53 Morningside Ave
Yonkers, NY 10703
AKA School 9 · Specialty Property For Sale
·
50,100 SF
EXECUTIVE SUMMARY
PLEASE USE THE BID DOCUMENT IN THE DOC FILE WHEN PRESENTING OFFERS!
This strategically located site presents a rare chance to transform a prominent institutional property into high value new development in a thriving Yonkers neighborhood. Don’t miss your opportunity—sealed bids due September 15, 2025 by 12:00PM ET.
An exceptional redevelopment opportunity on this 1.2+/-ac M zoned land—ideal for adaptive reuse into:
• Market rate or affordable single family and multi family housing
• Mid rise apartment complex or condominiums
• Medical offices, clinics, or wellness center
• Assisted living, senior housing, community services
Boasting robust vertical and horizontal development potential, this property offers flexibility for developers, healthcare operators, or investors seeking to capitalize on Yonkers’ growing residential and commercial demand.
________________________________________
Neighborhood & Demographics
• Demographics: The Glenwood/“Northwest” Yonkers area, which includes Morningside Ave, features a diverse population of approximately 56,000 residents. In this area, households earn a median income of $126,500—well above Yonkers’ overall median of about $66,400 (city-data.com).
• Diversity: Approximately 38% Hispanic/Latino, 34% White, 14% Black, and 6% Asian .
• Walkability: Highly walkable (Walk Score ~75), with convenient pedestrian access to local amenities and transit (walkscore.com).
________________________________________
Local Landmarks & Amenities
• Healthcare:
o Saint John’s Riverside Hospital (407 beds) and Saint Joseph’s Medical Center (532 beds) are within a 1–2 mile radius — ideal for health care oriented development .
• Retail & Dining:
o Cross County Shopping Center: 100+ shops including Macy’s, Target, Zara, Michael Kors, a cinema, restaurants and ample parking (en.wikipedia.org).
o Ridge Hill: upscale open-air mall with dining & entertainment, in nearby Yonkers (ridgehill.com).
• Parks & Recreation:
o Untermyer Park & Gardens: historic 43 acre landscaped botanical gardens with amphitheater and river views, under restoration (en.wikipedia.org).
o Dunn Park, Grant Park, Smith Park: all within a short stroll (walkscore.com).
• Transit:
o Close to Metro North Hudson Line (Glenwood & Yonkers stations).
o Extensive Bee Line and MTA bus service connects to Manhattan and throughout Westchester (en.wikipedia.org).
________________________________________
Highlights
• Sizeable land & building footprint (1.2acre, 53kSF) ready for conversion.
• M zoning allows for a wide range of commercial and residential uses.
• Strong neighborhood demographics and income supporting premium uses.
• Proximity to major medical centers, retail, parks, and transit ensures immediate and future demand.
________________________________________
Offer Process
Property is offered via sealed bid. PLEASE COMPLETE THE BID DOCUMENT IN DOC FILE
All offers must be submitted in writing with proof of funds to: paul.adler@randcommercial.com
This is an as-is sale with the Buyer to pay 5% Listing Broker’s Fees.
Submit offers with proof of funds by: September 15, 2025 at 12:00PM ET.
Bid Document, Offering memorandum, site plans, neighborhood studies in document file.
This strategically located site presents a rare chance to transform a prominent institutional property into high value new development in a thriving Yonkers neighborhood. Don’t miss your opportunity—sealed bids due September 15, 2025 by 12:00PM ET.
An exceptional redevelopment opportunity on this 1.2+/-ac M zoned land—ideal for adaptive reuse into:
• Market rate or affordable single family and multi family housing
• Mid rise apartment complex or condominiums
• Medical offices, clinics, or wellness center
• Assisted living, senior housing, community services
Boasting robust vertical and horizontal development potential, this property offers flexibility for developers, healthcare operators, or investors seeking to capitalize on Yonkers’ growing residential and commercial demand.
________________________________________
Neighborhood & Demographics
• Demographics: The Glenwood/“Northwest” Yonkers area, which includes Morningside Ave, features a diverse population of approximately 56,000 residents. In this area, households earn a median income of $126,500—well above Yonkers’ overall median of about $66,400 (city-data.com).
• Diversity: Approximately 38% Hispanic/Latino, 34% White, 14% Black, and 6% Asian .
• Walkability: Highly walkable (Walk Score ~75), with convenient pedestrian access to local amenities and transit (walkscore.com).
________________________________________
Local Landmarks & Amenities
• Healthcare:
o Saint John’s Riverside Hospital (407 beds) and Saint Joseph’s Medical Center (532 beds) are within a 1–2 mile radius — ideal for health care oriented development .
• Retail & Dining:
o Cross County Shopping Center: 100+ shops including Macy’s, Target, Zara, Michael Kors, a cinema, restaurants and ample parking (en.wikipedia.org).
o Ridge Hill: upscale open-air mall with dining & entertainment, in nearby Yonkers (ridgehill.com).
• Parks & Recreation:
o Untermyer Park & Gardens: historic 43 acre landscaped botanical gardens with amphitheater and river views, under restoration (en.wikipedia.org).
o Dunn Park, Grant Park, Smith Park: all within a short stroll (walkscore.com).
• Transit:
o Close to Metro North Hudson Line (Glenwood & Yonkers stations).
o Extensive Bee Line and MTA bus service connects to Manhattan and throughout Westchester (en.wikipedia.org).
________________________________________
Highlights
• Sizeable land & building footprint (1.2acre, 53kSF) ready for conversion.
• M zoning allows for a wide range of commercial and residential uses.
• Strong neighborhood demographics and income supporting premium uses.
• Proximity to major medical centers, retail, parks, and transit ensures immediate and future demand.
________________________________________
Offer Process
Property is offered via sealed bid. PLEASE COMPLETE THE BID DOCUMENT IN DOC FILE
All offers must be submitted in writing with proof of funds to: paul.adler@randcommercial.com
This is an as-is sale with the Buyer to pay 5% Listing Broker’s Fees.
Submit offers with proof of funds by: September 15, 2025 at 12:00PM ET.
Bid Document, Offering memorandum, site plans, neighborhood studies in document file.
PROPERTY FACTS Under Contract
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1894 |
| Lot Size | 1.23 AC | Opportunity Zone |
Yes
|
| Building Size | 50,100 SF | ||
| Zoning | M - M Zoning in doc file | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Lot Size | 1.23 AC |
| Building Size | 50,100 SF |
| No. Stories | 3 |
| Year Built | 1894 |
| Opportunity Zone |
Yes |
| Zoning | M - M Zoning in doc file |
PROPERTY TAXES
| Parcel Number | 1800-002-000-02163-000-0023 | Improvements Assessment | $359,000 |
| Land Assessment | $65,000 | Total Assessment | $424,000 |
PROPERTY TAXES
Parcel Number
1800-002-000-02163-000-0023
Land Assessment
$65,000
Improvements Assessment
$359,000
Total Assessment
$424,000
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