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Parkview Provides $18.3M Construction Loan for Self-Storage Conversion Project in Yonkers

1060-Nepperhan-Ave.-Yonkers

CubeSmart will operate the new self-storage facility at 1060 Nepperhan Ave. in Yonkers upon completion in late 2023.

YONKERS, N.Y. — Los Angeles-based Parkview Financial has provided an $18.3 million construction loan for a self-storage conversion project in Yonkers, a northern suburb of New York City. The borrower, KCT Inc., plans to demolish a 9,820-square-foot industrial building at 1060 Nepperhan Ave. and to construct a facility that offers 77,000 square feet of net rentable space across 949 units. CubeSmart will operate the facility, completion of which is slated for late 2023. The general contractor for the project is JCT Development, and the architect of record is ELEVEN18 Architecture.

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