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.
The property is located right behind two AMS Acquisitions assets at 92 Main St., which it acquired in 2017 for $17.5 million, and 86 Main St.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
