55 Buena Vista Ave., Yonkers, NY 55 Buena Vista Ave., Yonkers, NY

YONKERS, NY—AMS Acquisitions LLC, which earlier this month acquired the Chicken Island property from the City of Yonkers, has acquired a waterfront parcel where it plans to build a 24-story luxury rental apartment building.

The New York City-based real estate investment firm has acquired a 50,000-square-foot lot—55 Buena Vista Ave.—for $18.3 million. The 400,000-square-foot rental apartment development it plans to build at the site will feature 361 rental apartment units. The seller of the property that was once the site of the city’s Teutonia Music Hall was Kohl Construction. There were no brokers in the transaction that closed on Oct. 29.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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