759 Palmer Road | Bankruptcy Sale

Yonkers, NY

For Sale

 

OVERVIEW

LOCATION:
759 Palmer Road, Yonkers, NY 10708

Neighborhood: Yonkers

Asset Type: Residential

Square Feet: 144,258

Stories: 3

Residential Units: 35

CONTACT

 

Description

The subject property is a 144,258 square foot building located at 759 Palmer Road. The three story building, situated on over an acre, was formerly a Hall of Records for the Metropolitan Life Insurance Company. It is mid-conversion to a luxury residential project, and is approximately 70% complete. It contains 35 luxury units ranging from 1,776 to 4,399 square feet and features massive windows inlaid in an architecturally significant and beautiful brick façade.

 

The sought-after area, frequently referred to as "Bronkers," 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. 

 

Out of the gross 144,258 square feet, the apartments comprise 105,346 net sellable square feet. 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 train ride to Grand Central Station.  759 Palmer also 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.

 

Nearby Transportation