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Ginsburg Development Companies Acquires Multifamily Property In Yonkers For $39.5M

1077 Warburton Avenue
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This MultiFamily property located in NY was sold for $39,500,000 almost 4 years ago. The brokers of the deal were Jeffrey Dunne and Gene Pride

Ginsburg Development Companies has acquired a multifamily property located at 1077 Warburton Avenue in Yonkers. The property consists of 74 units and measures 87,576 square feet. The transaction was facilitated by brokers Jeffrey Dunne and Gene Pride from CBRE. The sale price for the property was $39,500,000, resulting in a price per square foot of $451 and a price per unit of $533,783.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $39,500,000
  • Address: 1077 Warburton Avenue, Yonkers
  • Market: Yonkers

Gene Pride from CBRE represented the buyer, Ginsburg Development Companies, in this transaction. The seller of the property was RMS Companies, with Randy Salvatore as their representative. This acquisition highlights the active real estate market in Yonkers and the strong interest in multifamily properties in the area.

View Related

Deals
  • Location
    1077 Warburton Ave, Yonkers, NY 10701, USA1077 Warburton Ave, Yonkers, NY 10701, USA
  • Sale Price
    $39,500,000$39,500,000
    $451 PPSF$451 PPSF
  • Area
    87,576 SF87,576 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jeffrey Dunne

Jeffrey Dunne

Deals45
Financed$2.2B

Gene Pride

Gene Pride

Deals10
Sold$585.1M

Agency

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

Deal Summary

IMAGE: Jeffrey Dunne, Gene Pride, Randy Salvatore & Martin Ginsburg DATE: 04/22/2020 ADDRESS: 1077 Warburton Avenue MARKET: Yonkers ASSET TYPE: Multifamily BUYER: Ginsburg Development Companies SELLER: RMS Companies – Randy Salvatore BROKERS: Jeffrey Dunne & Gene Pride – CBRE PRICE: $39,500,000 SF: 87,576 PPSF: $451 UNITS: 74 PPU: $533,783

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1077 Warburton Avenue

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