Stagg Group Acquires Development Site At 1219 Yonkers Avenue For $9.5M From 1219 Yonkers Avenue LLC

1219 Yonkers Avenue is a vacant development site located in Yonkers, which has been sold for $9,500,000. The property is situated near the Mount Vernon West Metro-North station, making it a strategic investment for future developments.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,500,000
• Buyer: Stagg Group
• Seller: 1219 Yonkers Avenue LLC
• Brokers: William Cuddy Jr & Jacqueline Novotny - CBRE

CBRE facilitated the transaction, representing the interests of both the seller, 1219 Yonkers Avenue LLC—which is a partnership involving Aubrey Capital and Empire General Contracting—and the buyer, Stagg Group, which specializes in multifamily development.