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Partnership Dissolution – Immediate Sale Directed via Public Auction

144,000+ Sq Ft Building

Luxury Condo Conversion (60% Complete) – Financing Available

Details:

  • 759 Palmer Road, Yonkers, Westchester County, NY 10708
  • “Bronkers” Neighborhood, Near the Bronxville Train & Retail District
  • Impressive Three Story Brick Building – Former Hall of Records for Metropolitan Life Insurance Company
  • Mid-Conversion to Luxury Residential Units – Appx 60% Complete
  • 35 Units Ranging from 1,776 – 4,399 Sq Ft (Building department has indicated they would approve converting to 76 units)
  • Planned Amenities: Two Level Indoor Parking Garage, Indoor Pool, Rooftop Lounge Area, Movie Theater, Fitness Center, Concierge & More
  • Less Than One Mile to Bronxville Train Station (28 Minute Ride to Grand Central Station)
  • Immediate Local Highway Access to Sprain Brook Parkway, New York State Thruway, Bronx River Parkway, Saw Mill River Parkway & Cross County Parkway
  • Additional Information:
  • Gross Building Area: 144,258 Sq Ft
  • Net Rentable Area: 105,346 Sq Ft
  • Gross Site Area: 1.01 Acres
  • Originally Built 1906 & 1927
  • Renovation Performed 2013-2018 (Current State)
  • Zoning: MG (Residential – Low Density)
  • Property Type: Multi-Family (Condominium Lofts)
  • Flood Zone X
  • Section: 5, Block: 5638, Lot: 48
  • Annual Real Estate Taxes: $238,584.43
  • Seller Financing Available: Experienced developers with good credit shall have the option to receiver a purchase money mortgage with a minimum of 50% down, 7% annual interest rate, five year term, and monthly interest-only payments (please call to pre-qualify)
  • $9,500,000 Opening Bid

 

Data Room Access

Please E-mail a Request to [email protected].
Please Include your Full Name and Phone Number. (Please Allow up to 24 Business Hours to Process).


ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer (PC or Mac Only) or download of the Maltz Auctions App on the App Store or Google Play (Required for tablet and Cell Phone Devices)

  Pre-Registration Required to Bid. You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit (cashier’s check only) to be approved for bidding.


Viewings: Available by appointment with proof of funds.

Pre-Registration Required to Bid:  You must send in signed Terms and Conditions of Sale, signed Online Bidding Form, and a $950,000 deposit to be approved for bidding.  All documents and funds must be received by 4:00 pm the Day 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 Wednesday, November 11, 2026 at 11:00 AM and is scheduled to close on Friday, November 13, 2026 at 11:00 AM. 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: Property will be 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 $950,000 made payable to “Maltz Auctions, Inc.”, signed Terms & Conditions of Sale and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 by  4:00 pm the Day prior to the scheduled close of bidding.  Closing must occur within 45 days after the auction. However, the Successful Bidder shall be granted a single 30-day extension to close if he/she posts an additional non-refundable 10% deposit (subject to additional fees).  Please download the complete Terms and Conditions of Sale.  Subject to sale prior to auction as pre-auction offers will be considered.

Buyer’s Premium: A six percent (6%) 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.

Buyer Broker Participation: A two percent (2%) 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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Documents

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Have Questions? Get In Touch

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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

The Real Property is being sold “AS IS” “WHERE IS”“WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their bids. Neither Maltz, the Seller nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, the Seller, or their professionals.  The Real Property will be sold subject to any and all violations or conditions requiring corrective action.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Property.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.