HFF Brokers Sale of Hudson Park in Yonkers

YONKERS, N.Y. — Holliday Fenoglio Fowler LP (HFF) has brokered the sale of Hudson Park, a multifamily community situated along the Hudson River in downtown Yonkers. Strategic Capital purchased the property, which consists of three components: Hudson Park South, Hudson Park North and the to-be-built Hudson Park River Club. Completed in spring 2003, Hudson Park South has 266 one- and two-bedroom units and approximately 15,500 square feet of office and retail space. Hudson Park North was completed in spring 2008 and has 294 one- and two-bedroom apartments, as well as a free-standing parking garage. The property also includes a nearly quarter-acre land site with approvals for a 23-story, 213-unit apartment building that will include an 8,200-square-foot amenity space on the ground floor. The groundbreaking for this development occurred in mid-September with an expected completion date of mid-2017. The completed residential component of Hudson Park is 98 percent leased. HFF marketed the property on behalf of the seller, a joint venture partnership between Collins Enterprises LLC and Berkshire Group. The HFF investment sales team representing the seller was led by Jose Cruz, Andrew Scandalios, Kevin O’Hearn, Steve Simonelli and Michael Oliver. Shearman & Sterling LLP provided legal counsel to Strategic Capital during the transaction.