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Immediate Sale Directed

10,000 Sq Ft Redevelopment Site with Potential Water Views

Prime Location Surrounded by Major Redevelopment

  • 185-189 Warburton Avenue, Getty Square, Yonkers, NY 10701
  • 10,000 Sq Ft Redevelopment Site Situated on 2 Adjoining Lots (100′ x 100′)
  • Tremendous Local Development/Redevelopment
  • Within .5 Mile Walk to Yonkers Downtown Waterfront and Metro-North Station
  • Flood Zone X
  • FAR as Built: .53
  • FAR as Allowed: 1
  • .5 Miles to MTA Metro-North Glenwood or Yonkers Station
  • Assemblage Annual Real Estate Tax: $12,964
  • Previously Listed at $1,450,000
  • $850,000 Minimum Bid

185 Warburton Avenue:

  • Section: 2   Block: 2098   Lot: 18
  • Lot Size: 5,000 Sq Ft (50′ x 100′)
  • Property Class: (411) Apartments
  • Zoning: CM (Commercial, Storage, Light Manufacturing)
  • 3-Story Multi-Family Building (4 – 2BR Units)
  • 1 Unit at Ground Level
  • 2,760 Sq Ft Structure with River Views from Top Floor
  • Cellar Level (Utilities and Storage)
  • Small Backyard with Private Driveway

189 Warburton Avenue:

  • Section: 2   Block: 2098   Lot: 16
  • Lot Size: 5,000 Sq Ft (50′ x 100′)
  • Property Class: (481) Downtown Row Type (with Common Wall)
  • Zoning: CM (Commercial, Storage, Light Manufacturing)
  • 2 Semi-Detached Structures (Interconnected at Basement Level)
  • 3-Story Multi-Family Building (Total Renovation/Demolition Required)
  • 2,559 Sq Ft Structure with River Views from Top Floor
  • Cellar Level (Utilities and Storage)
  • 3,000 Sq Ft Commercial Space including Unfinished Basement
  • Structure Gutted to the Studs
  • 200 Amp Service
  • Fully Sprinklered Building

Notable Area Development/Future Development:

  • Directly Across from 188 Warburton at the Ridgeway (6-Story Residential Building)
  • 2 Tax Lots From Cottage Place Gardens Development Site:
    • 70 Leed Certified Residential Row House Apartments
  •  Across From 172 Warburton at the Ridgeway (6-Story Residential Building):
    • 85 Residential Units with Enterprise Green Communities Certification
  • 3 Blocks to North Broadway Redevelopment Site (Plans Include):
    • 650 Luxury Apartments and Townhouses Totaling 552,500 Sq Ft
    • 17,000 Sq Ft of Retail Space & 21,000 Sq Ft of Office Space
    • 750 Parking Space
  • 4 Blocks to Palisades Point:
    •   (2) 25-Story Towers Consisting of 426 Residential Units with 8,700 Sq Ft of Retail/Professional Space
    •    670 Parking Spaces
    •    136,000 Sq Ft of Open Public Space Along the Hudson River
  • 4.5 Blocks to Teutonia Hall Redevelopment Site (Plans Include):
    • Two 40-Story Residential Towers with 906 Luxury Units Totaling 770,000 Sq Ft
    • 10,000 Sq Ft Street-Level Retail
    • 956 PArking Spaces
  • 2 Blocks to the Villas at Ridgeway:
    •    2, 3 & 4 Bedroom Townhomes
  • .7 Miles to River Park Center:
    •    Mixed-Use Residential, Commercial, and Entertainment Complex
    •    Initial Phase Includes 250 Residential Units & a Minor League Baseball Stadium
  • .8 Miles to the Chicken Island Redevelopment Site (Plans Include):
    • Six Buildings Ranging from 25 Ft to 400 Ft
    • 2,000 Luxury Apartments Totaling 1,700,000 Sq Ft
    • 70,000 Sq Ft of Retail & 17,000 Sq Ft of Office Space
    • 2,200 Parking Spaces

Notable Area Retail & Entertainment:

  • 4 Miles to Ridge Hill Mall:
    • Featured Tenants Include: Apple Store, Dicks Sporting Goods, Lego Land Discovery Center, Lowes, Pandora, REI, Sephora, Starbucks, Subway, Verizon, Whole Foods, and many others (Click Here for Full List)
  • Only 3 Miles to Yonkers Empire City Raceway and Casino by MGM Resorts

Viewings: Potentially Unsafe Structure – Access Unavailable.

Pre-Registration Required to Bid:  You must send in signed Terms and Conditions of Sale, signed Online Bidding Form and a $85,000 deposit to be approved for bidding.  All documents and funds must be received at least 24 hours prior to the scheduled end time of the auction, or you may not be approved to bid prior to the conclusion of the auction.

Auction Date: Online-Only bidding will open Tuesday, December 14th at 1:00 pm and is scheduled to close on Thursday, December 16th at 1:00 pm.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

Terms & Conditions of Sale: Sold free and clear of all monetary liens.  In order to register to bid, all prospective bidders must deliver a cashier’s check in the amount of $85,000 made payable to “Maltz Auctions”, signed Terms & Conditions of Sale, and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 twenty-four hours prior to the scheduled close of bidding.

Buyer’s Premium: An eight (8%) percent Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.

Broker Participation: A two (2%) percent commission will be paid to any properly licensed Buyer Broker who registers a Successful Buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation Form for details.

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