Value-Add Redevelopment / Residential Conversion

Northeast corner of Main Street and Market Place in Downtown YonkersLee & Associates is pleased to present, for exclusive sale, the building located at 65 Main Street (the “Property”) in Yonkers, NY. The Property is a 16,040 SF building located on the northeast corner of Main Street and Market Place in downtown Yonkers. This pre-war building sits over a 4,149 SF lot with 4 floors that include mostly industrial-type space with high ceilings and wrap-around retail frontage on the ground floor. The Property is located next to the RXR Sawyer Place development project that takes up nearly an entire block. Sawyer Place is the landmark project in a wave of new residential-driven construction in downtown Yonkers and along the Hudson River. RXR Sawyer Place is comprised of 31,000 SF + of new retail space 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 RXR has poised downtown areas in cities like Yonkers to attract growing and successful companies along with their respective employees and developers like Avalon Bay, Rose Associates and Extell to commit to redevelopment. The Property is a block east 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. The i.Park campus consists of 1,100,000 SF + of renovated office space, industrial space and residential units across 8 buildings and is just one example of the growing office market in Yonkers. The Property represents the opportunity to own a true value-add asset located in a desirable growing downtown submarket.