Cushman & Wakefield Arranges $4M Sale of Multifamily Development Site in Yonkers, New York

by Amy Works

YONKERS, N.Y. — Cushman & Wakefield has brokered the sale of a multifamily development site located at 1065 and 1073 Warburton Ave. in Yonkers. RMS Warburton LLC acquired the 0.63-acre site for $4 million. Al Mirin, Kate Schwartz and Matthew Torrance of Cushman & Wakefield represented the undisclosed seller in the sale. The property at 1073 Warburton Ave. has been permitted for the intended construction of a nine-story, 79-unit rental apartment building to be built above an enclosed structured parking. The purchase of 1065 Warburton Avenue added approximately 0.18 acres to the overall property creating a combined site that is estimated to accommodate more than 100 units.

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