DEVELOPMENT OPPORTUNITY 630 Central Park Yonkers, NY 10704
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1 DEVELOPMENT OPPORTUNITY 630 Central Park Yonkers, NY
2 Offering Memorandum 630 Central Park, Yonkers, NY /-200,000 Square Feet Industrial Building Redevelopment Opportunity 630 Central Park Ave. Yonkers, New York An exclusive agent, The Blau & Berg Company is pleased to offer for sale a 100% fee interest in the Stewart Stamping Building, a two story 200,000 SqFt Industrial/flex Building consisting of office, showroom and warehouse. The building is situated on +/- 4.5 Acres. This is an opportunity to purchase a Prime High Profile Location. Investment Highlights: Great Visibility! Located between exits 3 and 4 off 1-87, the New York Thruway. Located next to the Empire Casino and Yonkers racetrack and minutes from the Cross County Mall and Ridge Hill Mall. Approx. 15 Miles and 20 minutes (without traffic) from Midtown Manhattan Approx. 3.1 Miles and 10 minutes from Downtown Yonkers. Downtown Yonkers is experiencing a Giant revival with many new large residential developments. Residential Vacancy rate at 2% Expansion of the Entertainment/Film Industry searching for space and filming in Yonkers as the space in and around Manhattan is hard to find. Expansion of the Empire Casino, one of the most successful Racino in the country is in consideration to receive approvals to expand into a full Casino by the end of According to the 2017 City of Yonkers budget, Phase 2 redevelopment of the Empire Casino area is to develop an Entertainment/Sports Complex and develop Hotel in area. 630 Central Park Ave. is next to the Casino and primed for redevelopment. Approx. 10 miles and 20 minutes from the GWB Easy access to Connecticut 2
3 DEVELOPMENT OPPORTUNITY Aerial Photo 630 Central Park, Yonkers, NY Cross County Shopping Mall 630 Central Park Empire City Casino and Race Track 3
4 Architect s Rendering 630 Central Park, Yonkers, NY
5 DEVELOPMENT OPPORTUNITY Existing Building Description 630 Central Park, Yonkers, NY Features Total AC: Total Size: ±4.5 AC ±200,000 SF Showroom: Office: 6,000 SF 3,000 SF Construction: Stories: Elevators: Ceiling Height: Loading: Reinforced concrete with brick façade 2 (100,000 SF per floor) 2 (freight) 14 on 1 st and 14 on 2 nd floor 4 TB (interior) Power: 420 Column Spacing: 25 x 35 Sprinkler: Wet Accessibility: At New York State Thruway Approx. 3.7 Miles to I-95 Approx. 7 Miles to GWB Approx Miles to Manhattan 5
6 Site Layout with Property Summary 630 Central Park, Yonkers, NY Artist rendering image for subject property at 630 Central Park, Yonkers, NY Central Park, Yonkers, NY Property Features ±4.5 acres total lot size Owner planned combination of 30K sf retail, 60K sf convention and 360-room hotel Great visibility from New York Thruway Approximately 3.7 miles to I-95 and Garden State Parkway, Approx. 10 miles and 20 minutes to Manhattan and George Washington Bridge. Approx. 3.1 miles to Midtown Manhattan. Easy access to Connecticut Possibility for residential development (vacancy rate at 2%) 1 block from Empire Casino and Racetrack Minutes from new Ridge Hill Mall and 2 blocks from Cross County Mall 630 Central Park is a 200,000 sf industrial building. The building is a mixture of warehouse, office and showroom. Owner has applied to city for a zone change. 6
7 Survey 630 Central Park, Yonkers, NY
8 Parcel Map 630 Central Park, Yonkers, NY
9 Road Map 630 Central Park, Yonkers, NY
10 Elevation 630 Central Park, Yonkers, NY Central Park Avenue Elevation 10
11 Elevation 630 Central Park, Yonkers, NY Kittel Avenue Elevation Whittier Avenue Elevation 11
12 Floor Plans 630 Central Park, Yonkers, NY First floor plan for subject property at 630 Central Park, Yonkers, NY 12
13 Floor Plans 630 Central Park, Yonkers, NY Hotel Floor Plan 14,296 Square Feet Per Floor 20 Rooms Per Floor (360 Rooms) 18 Stories 13
14 Floor Plans 630 Central Park, Yonkers, NY Multi-Function Level Floor Plan Roof Top Spa-Pool 14
15 Floor Plans 630 Central Park, Yonkers, NY Parking Levels 15
16 Yonkers Region 630 Central Park, Yonkers, NY Yonkers is located along the Hudson River, the fourth largest city and the most populous city in Westchester County. Yonkers serves as the gateway between New York City and the Hudson Valley. Yonkers is an inner suburb of New York City. It directly borders the Bronx and is located two miles north of Manhattan at the municipality s closest points. You can get to Yonkers from almost anywhere. Ten Metro North Railroad stations serve Yonkers while five major highways connect Yonkers with the rest of Westchester County and New York City. Yonkers downtown waterfront district continues to grow, with hundreds of new luxury high-rise apartments offering views of the Hudson River and Palisades, gourmet restaurants, shops and parks all just a 25-minute train ride to midtown Manhattan. Downtown Yonkers is centered on a plaza known as Getty Square, where the municipal government is located. The area also houses significant local businesses and non-profits, and serves as a major retail hub for Yonkers and the northwest Bronx. The city is home to several attractions, including the Hudson River Museum, prestigious colleges such as Sarah Lawrence, Science Barge, Sherwood House, Empire City Casino and Yonkers Raceway, which is a harness racing track that has renovated its grounds and clubhouse and added legalized gambling in a "casino" called Empire City ( Yonkers is Westchester's retail center, from the Central Park Avenue corridor, to the newly renovated Cross County Shopping Center, to the upscale Ridge Hill shopping complex, to local small businesses, to the big box stores. The major shopping areas can be found in the downtown area, on South Broadway, at the Cross County Shopping Center and Westchester's Ridge Hill, and along Central Park Avenue, informally called "Central Ave". 16
17 Demographics 630 Central Park, Yonkers, NY Radius Population: Female Population Female Percentage Male Population Male Percentage Households Race & Ethnicity American Indian and Alaska Native Asian Black Native Hawaiian and Other Pacific Islander Some Other Race Two or More Races White Hispanic or Latino Not Hispanic or Latino 1 Mile 30,754 3 Miles 385,284 5 Miles 981,896 16, % 14, % 13, , % 178, % 156, , % 457, % 388, % 5.9% 12.3% 0.1% 8.5% 2.9% 0.7% 4.2% 40.5% 0.1% 12.7% 3.9% 0.9% 5.1% 33.7% 0.1% 17.4% 4.3% 72.8% 41.8% 42.9% 22.5% 27.8% 37.1% 77.5% 72.2% 62.9% Size of Household 1 Person Household 2 Person Household 3 Person Household 4 Person Household 33.3% 29.9% 15.6% 11.5% 30.8% 26.4% 17.0% 13.1% 30.5% 26.4% 17.0% 13.4% 2016 Demographic information for subject property at 630 Central Park, Yonkers, NY
18 Demographics Daytime Employment 630 Central Park, Yonkers, NY Business Employment By Type # Businesses # Employees # Emp/Bus Radius 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile 1 Mile 3 Mile 5 Mile Total Businesses 731 6,247 15,861 6,903 70, , Retail 101 1,153 2,410 1,950 14,034 26, Wholesale ,130 9, Hospitality & Food Service , ,825 13, Real Estate, Renting, Leasing ,032 5, Finance & Insurance , ,292 8, Information ,064 3, Scientific & Technology Services , ,470 14, Management of Companies Health Care & Social Assistance , ,516 27, Education Services ,444 12, Public Administration & Sales ,096 8, Arts, Entertainment, Recreation , Utilities Admin Support & Waste Management ,492 5, Construction , ,521 7, Manufacturing ,128 10, Agriculture, Mining, Fishing Other Services , ,274 8, Demographic information for subject property at 630 Central Park, Yonkers, NY
19 DEVELOPMENT OPPORTUNITY For additional information or to arrange an inspection, please contact the following broker: EXCLUSIVE BROKER Laura L. Crimmins Assistant Director x 142 lcrimmins@blauberg.com The Blau & Berg Company The information contained herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. In addition, no representation is made respecting zoning, condition of title, dimensions, or any matters of a legal or environmental nature. Such matters should be referred to legal counsel for determination. Terms and conditions are subject to change without prior notice. Subject to errors and omissions. 19
DEVELOPMENT OPPORTUNITY 630 Central Park Yonkers, NY 10704
DEVELOPMENT OPPORTUNITY 630 Central Park Yonkers, NY 10704 Cross County Shopping Mall 630 Central Park Empire City Casino and Race Track Yonkers 630 Central Park, Yonkers, NY 10704 2 Yonkers is located
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