516-349-7022
759 Palmer Rd, Bronxville, NY for Sale
Apartments - FOR SALE
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759 Palmer Rd
Bronxville, NY 10708
Lawrence Park


OVERVIEW

144,000+ Sq Ft Building Luxury Condo Conversion (60% Complete) – Financing Available Details: 759 Palmer Road, Yonkers, Westchester County, NY 10708 “Bronkers” Neighborhood, Near the Bronxville Train & Retail District Impressive Three Story Brick Building – Former Hall of Records for Metropolitan Life Insurance Company Mid-Conversion to Luxury Residential Units – Appx 60% Complete 35 Units Ranging from 1,776 – 4,399 Sq Ft (Building department has indicated they would approve converting to 76 units) Planned Amenities: Two Level Indoor Parking Garage, Indoor Pool, Rooftop Lounge Area, Movie Theater, Fitness Center, Concierge & More Less Than One Mile to Bronxville Train Station (28 Minute Ride to Grand Central Station) Immediate Local Highway Access to Sprain Brook Parkway, New York State Thruway, Bronx River Parkway, Saw Mill River Parkway & Cross County Parkway Additional Information: Gross Building Area: 144,258 Sq Ft Net Rentable Area: 105,346 Sq Ft Gross Site Area: 1.01 Acres Originally Built 1906 & 1927 Renovation Performed 2013-2018 (Current State) Zoning: MG (Residential – Low Density) Property Type: Multi-Family (Condominium Lofts) Flood Zone X Section: 5, Block: 5638, Lot: 48 Annual Real Estate Taxes: $238,584.43 Seller Financing Available: Experienced developers with good credit shall have the option to receiver a purchase money mortgage with a minimum of 50% down, 7% annual interest rate, five year term, and monthly interest-only payments (please call to pre-qualify) $9,500,000 Minimum Opening Offer (Formal Offers Submitted November 11th-13th - Subject to Sale Prior)

FOR SALE DETAILS

PRICE

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# OF UNITS

35

CAP RATE

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% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PARTNERSHIP DISSOLUTION - 144,000+ SQ FT BLDG

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

MG

APN/PARCEL ID

1800-005-000-05638-000-0048

ASK ABOUT THIS PROPERTY

Richard MaltzMaltz AuctionsMore Info
516-349-7022

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Richard MaltzMaltz AuctionsMore Info
516-349-7022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.