Property History
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Marketing Description
This is a rare opportunity to purchase a Bronxville investment site 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 Bronxville investment site 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.
Investment Highlights
- Project is 70% complete
- Exceptional location on border of Yonkers and Bronxville referred to as “Bronkers” featuring Bronxville PO and Yonkers taxes
- 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
- 3-minute drive to Bronxville Metro-North train
- Former Use: Metropolitan Life Insurance Company Hall of Records
- Years Built: 1906 &1927; Renovated: 2013-2018
- Zoning: MG, Residential – Low Density
- Gross Site Area: 1.01 Acres / 43,842 SF
- (3) Stories, (6) levels in addition to penthouse and lower-level
- Frontage: 270 feet on Palmer Road
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
Alec J. Frederico
•••.•••.••••••••. 118
alec@•••••••••••••••••.com
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