NEW YORK CITY – Rose Associates, a real estate development andmanagement company, has acquired 57 Alexander St., a six-acredevelopment site in the Yonkers' submarket for $23 million. Thefirm will develop a 440-unit residential building on the land thathas a total buildable square footage of 300,000 and sits along theHudson River waterfront.
The Altman Family, who disposed of the real estate from itsportfolio, had a 75,000-square-foot warehouse on the developmentsite. DJ Johnston, partner at B6 Real Estate Advisors, and BillEisenhut and Brian Whitmer of Cushman & Wakefield representedon their behalf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
