58-60 Elm Street, Yonkers, New York | Development Opportunity

This property is a 17,400 SF parcel that falls under the same overlay zone as that of the Chicken Island massive development. Allowing a build-able building up to 400 ft. The owner of the property has recently sat down with the City of Yonkers, and we claim that this site will not require parking. We have assembled this site with the neighboring property to add an additional 3,500 sf to the site.

17,400 SF LOT

Assemblage Opportunity Available

Inquire for Pricing

If in fact we can build 40 stories, while utilizing the 1st floor for retail and floors 2 through 4 for parking (using the 3,500 SF parcel), allowing 35 floors X 17,424 = 609,840 build-able at 80% due to the 20% of hallways and amenities. Allows 487,872 of residential. If each apartment averages 1,000 SF, this would allow 488 apartments. Since this site is not approved or improved we suggest a FMV for each apartment at $40,000 = $19,520,000.00