PLEASE USE THE BID DOCUMENT IN THE DOC FILE WHEN PRESENTING OFFERS! This strategically located site presents a rare chance to transform a prominent institutional property into high value new development in a thriving Yonkers neighborhood. Don’t miss your opportunity—sealed bids due September 15, 2025 by 12:00PM ET. An exceptional redevelopment opportunity awaits on this approximately 1.2-acre M-zoned parcel of land, ideally suited for adaptive reuse across a wide range of possibilities. This site offers strong potential for market-rate or affordable single-family and multi-family housing, mid-rise apartment complexes or condominiums, medical offices, clinics, or a wellness center. It also lends itself well to assisted living facilities, senior housing, or community services. With significant vertical and horizontal development flexibility, the property is a compelling option for developers, healthcare operators, or investors looking to capitalize on the increasing residential and commercial demand in Yonkers. Situated in the Glenwood or “Northwest” Yonkers area near Morningside Avenue, the neighborhood is home to a diverse population of roughly 56,000 residents. This community enjoys a median household income of $126,500—nearly double the overall Yonkers median of $66,400, reflecting strong local economic stability. The area is demographically varied, comprising approximately 38% Hispanic/Latino, 34% White, 14% Black, and 6% Asian residents. With a Walk Score of around 75, the location is highly walkable and provides easy pedestrian access to nearby amenities and public transit. The site is conveniently located near key healthcare institutions such as Saint John’s Riverside Hospital (407 beds) and Saint Joseph’s Medical Center (532 beds), making it especially suitable for health-oriented developments. Retail and dining options abound, with nearby destinations like the Cross County Shopping Center—featuring over 100 shops including Macy’s, Target, and a variety of restaurants—and Ridge Hill, an upscale open-air shopping and entertainment complex. Recreational amenities include the historic Untermyer Park & Gardens, a 43-acre landscaped estate with river views, along with Dunn Park, Grant Park, and Smith Park—all within walking distance. Transit accessibility is robust, with proximity to the Metro-North Hudson Line (via Glenwood and Yonkers stations), and extensive Bee-Line and MTA bus services connecting the area to Manhattan and the broader Westchester region. Offer Process Property is offered via sealed bid. PLEASE COMPLETE THE BID DOCUMENT IN DOC FILE. All offers must be submitted in writing with proof of funds to: paul.adler@randcommercial.com This is an as-is sale with the Buyer to pay 5% Listing Broker’s Fees. Submit offers with proof of funds by: September 15, 2025 at 12:00PM ET. Bid Document, Offering memorandum, site plans, neighborhood studies in document file.