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August 19, 2019Cart

Business

by Westchester County Business Journal
by WCBJ

Leasing begins at renovated 86 Main St. in Yonkers

 

86 Main St.

Leasing of space in the newly renovated office building at 86 Main St. in Yonkers is underway. The building is owned by AMS Acquisitions, a New York City-based real estate investment firm.

The Class A 6-story office building is across the street from the Metro-North Railroad  station. The building contains more than 70,000 square feet and features a brick exterior with large windows. The owner says the available spaces have high ceilings and open floorplans with floor-to-ceiling windows that overlook the Hudson River and Jersey Palisades. There are 3,000 square feet of retail space available on the first floor.

Citibank occupies one of the retail spaces on the ground level. The second floor is fully vacant with 11,139 square feet available. On the third floor, Magnificat Publishing is in 6,000 square feet and Care Design has 3,000 square feet, leaving 2,580 square feet available. Floors 4, 5 and 6 are fully vacant, with 12,273 square feet each.

The structure was originally built for Homes for America in 2005, and was bought by AMS Acquisitions for $9.5 million in January 2018 from Madison Realty Capital. After receiving city approvals, AMS did significant renovations to the building, including adding the floor-to-ceiling windows on the top three floors. The building’s amenities include a roof deck with views of the Hudson River and George Washington Bridge and a gym.

“With 86 Main, we are meeting the needs and demands of today’s businesses,” said Avi Abadie, a principal at AMS Acquisitions. He said that the brick and high ceilings give them the “ability to cater to the popular trend of open loft type space that tenants crave.” AMS also owns 92 Main St., which it purchased in 2017.

Norman Bobrow, David Badner and Jonathan Kershner of Norman Bobrow and Company are handling the leasing.

“We are excited to reintroduce the property to the market,” Bobrow said. “Yonkers is a leader for development within Westchester County and 86 Main Street … will benefit greatly from the growth and resurgence downtown Yonkers is experiencing.”