Rose Associates Acquires Development Site In Yonkers For $23M
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This Development Site property located in NY was sold for $23,000,000 over 4 years ago. The brokers of the deal were Al Mirin, DJ Johnston, Brian Whitmer, and Bill Eisenhut
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- Location57 Alexander Street, Yonkers, NY, USA
- Sale Price$23,000,000$76 PPSF
- Area300,000 SF
- Asset TypeDevelopment Site
- Parties4 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: Bill Eisenhut, DJ Johnston & Brian Whitmer
DATE: 12/06/2019
ADDRESS: 57 Alexander Street
MARKET: Yonkers
ASSET TYPE: Development Site
SELLER: Altman Family
BUYER: Rose Associates
SELLER’S REP: DJ Johnston - B6 Real Estate, Bill Eisenhut, Brian Whitmer, and Al Mirin - Cushman Wakefield
ASKING PRICE: $25,000,000
SALE PRICE: $23,000,000
BSF: 300,000 ~ PPBSF: $75
UNITS: 440
NOTE: Rose Associates is responsible for development of the seven-story building, where 75 percent of the units will be studio and one-bedroom apartments. Ten percent of units will debut as affordable homes. In addition to residential area, the project will include 443 parking spaces and 25,000 square feet of open space including a landscaped public esplanade with access to the Hudson River waterfront and unobstructed views of the Palisades.
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57 Alexander Street
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