LG Realty Solutions is pleased to present, for exclusive sale, two (2) development sites located at 68 and 72 Buena Vista Avenue (the “Property”) in Yonkers, NY.
The Property is a pair of adjacent lots with total combined lot size of 8,712 SF having 88 feet of frontage on Buena Vista Avenue between Prospect Street and Hudson Street in downtown Yonkers. The Property is located in a D-MX zoning for downtown Yonkers and can be built up to a maximum height of 100 feet.
The Property is steps away from water front and 2 blocks away from MTA train station. The property is nearby the RXR Sawyer Place development project that takes up nearly an entire city block. Sawyer Place is the landmark project in a wave of new residential-driven construction in Downtown Yonkers and along the Hudson River. Sawyer Place is comprised of 31,000 + SF of new retail and 439 apartment units. RXR is a proven master plan developer that has strategically positioned itself to build, develop, and evolve the urban Westchester County cities of New Rochelle and Yonkers into transit-oriented epicenters for the live-work -play lifestyle. This strategic long-term planning by developers like RXR, AvalonBay, and Strategic Capital has positioned downtown Yonkers to attract growing and successful companies along with their respective employees. As a result, average rents have recently exceeded $35 per sq/ft and grown at a rate of 4% in the past 12 month.
The Property is two blocks south of the Yonkers Metro Station servicing both the Metro North and Amtrak with a 30-minute commute to Grand Central via Metro North, and access to Poughkeepsie and the greater Albany area via Amtrak. Two blocks north of the Property are several city administrative buildings and the 24-acre technology and office campus known as i.Park Hudson https://iparkhudsonny.com/location . The I Park campus consists of 1,100,000 SF + of renovated office, industrial, and residential units across 8 buildings and serves just one example of the growing office market that will continue to drive this market.
