Location
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144,258 sq ft This is a rare opportunity to purchase a Yonkers investment property in the “Bronkers” area. The sought-after area is within a stone’s throw of Bronxville’s shopping and dining center (and sometimes shares its P.O. address). Although the property is situated close to the border and is only a 3-minute ride to the Bronxville train station, it carries the comparatively more affordable real estate prices of the city of Yonkers.
759 Palmer Road is a 144,258 SF, 3-story building, situated on over an acre. It is mid-conversion to a luxury residential project and is approximately 70% complete. The building contains 35 luxury units ranging from 1,776 SF to 4,399 SF. This Yonkers investment property features massive windows inlaid in an architecturally significant and beautiful brick façade. Out of the gross 144,258 SF, the apartments comprise 105,346 net sellable SF. Planned high end amenities include a two-level indoor parking garage, rooftop common area, movie theatre, indoor pool, fitness center, hair salon, and concierge area.
The property is within walking distance of the village of Bronxville and is less than one mile from the Metro-North train station, which offers a 28-minute commute to Grand Central. The property has exceptional access to the major surrounding highways including The Sprain Brook Parkway, The New York State Throughway (I-87), The Bronx River Parkway, Saw Mill River Parkway and the Cross County Parkway.
759 Palmer Road is near all downtown Bronxville businesses and restaurants in the Central Business District. Some include ACME Market, J. Pocker Art Framing, Lange’s Deli, Taco Project, Tredici Social, SoulCycle, Bluemercury, Pure Barre, Underhills Crossing, CVS, J. McLaughlin, Posh Beauty Boutique, and Whim to name a few. Additionally, the Service District features a variety of fast causal eateries and service locations within quick walking distance including Hickey’s Deli, Brother’s Fresh Fruits and Vegetables, Kaito Sushi, Dumpling + Noodle, Also’s Pizzeria, Dumpling + Noodle, Palmer Cleaners, and Elite Nails.
For more information on this Yonkers investment property contact the building’s exclusive brokers Alec Frederico, Licensed Real Estate Salesperson and Jonathan Gordon, Corporate Broker, both of Admiral Real Estate Services Corp.
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President / CEO
As President/CEO, Jon oversees all matters relating to leasing and investment sales. He has experience in all aspects of real estate, including acquisitions & dispositions, financing, leasing, management and construction. Jon has closed over $900 million of transactions in Westchester..