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579 Warburton Ave
Yonkers, NY 10701
579 & 607 Warburton Avenue Yonkers, NY · Multifamily Property For Sale
·
1 Unit
EXECUTIVE SUMMARY
579 & 607 Warburton Avenue – Yonkers, NY
Offered for Sale via Sealed Bid Submission
Rand Commercial is pleased to present a prime waterfront-view redevelopment opportunity at 579 Warburton Avenue (2-2500-60) and 607 Warburton Avenue (2-2500-53)—a combined 2.6-acre assemblage located in the highly desirable North Yonkers riverfront district, overlooking the Hudson River and the New Jersey Palisades. Once the site of a City of Yonkers public school #25, the property offers unmatched potential for large-scale residential or mixed-use redevelopment.
Investment highlights include:
• Rare 2.6-acre Hudson River development site
• Unobstructed river views
• Strong multifamily zoning with variance precedents
• Proximity to mass transit and major parks
• Located within Yonkers’ active redevelopment corridor
Rand Commercial will conduct In-person property inspections/tours with registered potential buyers on December 19, 2025 - from 12:00pm-2:00pm
January 5, 2026 - All bids due in writing using Rand Commercial's bid form (in document file) by noon with proof of funds.
PROPERTY OVERVIEW
• 579 Warburton Ave: ±1.91 acres (former school building site)
• 607 Warburton Ave: ±0.69 acres (parking lot)
• Total Site Size: ±2.6 acres
• Zoning: M – Apartment Houses, Medium Density
• Existing Improvements:
- ±47,830 SF brick institutional building (1930)
- Two parking areas: 25 spaces (Lot 60) + 17 spaces (Lot 53)
ZONING & DEVELOPMENT POTENTIAL
The site lies in the M Zoning District, permitting apartment houses and various multi-family uses.
Key dimensional standards:
• Height Limit: 65 ft
• FAR: 1.25
• Building Coverage: Max 40%
• Setbacks: Front 15 ft, Rear 25 ft, Sides 12/25 ft
• Parking: 1 per unit + 0.33 per bedroom
LOCATION & AREA AMENITIES
• Less than 0.5 miles to Glenwood Metro-North Station
• Access to Trevor Park, JFK Marina, Untermeyer Park, Old Croton Aqueduct Trail
• Surrounded by major new multifamily projects including River Tides, Stratus on Hudson, 44 Hudson, and 143 Woodworth.
SEALED BID SALE
Rand Commercial is accepting sealed bids for both parcels to include:
• Purchase price
• Development concept
• Proof of funds
• Due diligence timeline
• Variance requests, if any
• This is an “as-is” sale with the Buyer to pay 5% Listing Broker’s Fees.
• Please use Rand Commercial bid document in doc file.
Offered for Sale via Sealed Bid Submission
Rand Commercial is pleased to present a prime waterfront-view redevelopment opportunity at 579 Warburton Avenue (2-2500-60) and 607 Warburton Avenue (2-2500-53)—a combined 2.6-acre assemblage located in the highly desirable North Yonkers riverfront district, overlooking the Hudson River and the New Jersey Palisades. Once the site of a City of Yonkers public school #25, the property offers unmatched potential for large-scale residential or mixed-use redevelopment.
Investment highlights include:
• Rare 2.6-acre Hudson River development site
• Unobstructed river views
• Strong multifamily zoning with variance precedents
• Proximity to mass transit and major parks
• Located within Yonkers’ active redevelopment corridor
Rand Commercial will conduct In-person property inspections/tours with registered potential buyers on December 19, 2025 - from 12:00pm-2:00pm
January 5, 2026 - All bids due in writing using Rand Commercial's bid form (in document file) by noon with proof of funds.
PROPERTY OVERVIEW
• 579 Warburton Ave: ±1.91 acres (former school building site)
• 607 Warburton Ave: ±0.69 acres (parking lot)
• Total Site Size: ±2.6 acres
• Zoning: M – Apartment Houses, Medium Density
• Existing Improvements:
- ±47,830 SF brick institutional building (1930)
- Two parking areas: 25 spaces (Lot 60) + 17 spaces (Lot 53)
ZONING & DEVELOPMENT POTENTIAL
The site lies in the M Zoning District, permitting apartment houses and various multi-family uses.
Key dimensional standards:
• Height Limit: 65 ft
• FAR: 1.25
• Building Coverage: Max 40%
• Setbacks: Front 15 ft, Rear 25 ft, Sides 12/25 ft
• Parking: 1 per unit + 0.33 per bedroom
LOCATION & AREA AMENITIES
• Less than 0.5 miles to Glenwood Metro-North Station
• Access to Trevor Park, JFK Marina, Untermeyer Park, Old Croton Aqueduct Trail
• Surrounded by major new multifamily projects including River Tides, Stratus on Hudson, 44 Hudson, and 143 Woodworth.
SEALED BID SALE
Rand Commercial is accepting sealed bids for both parcels to include:
• Purchase price
• Development concept
• Proof of funds
• Due diligence timeline
• Variance requests, if any
• This is an “as-is” sale with the Buyer to pay 5% Listing Broker’s Fees.
• Please use Rand Commercial bid document in doc file.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.60 AC |
| No. Units | 1 | Building Size | 1 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Apartment Style | Hi-Rise | Year Built | 1930 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Apartment Style | Hi-Rise |
| Lot Size | 2.60 AC |
| Building Size | 1 SF |
| No. Stories | 1 |
| Year Built | 1930 |
PROPERTY TAXES
| Parcel Number | 1800-002-000-02500-000-0060 | Improvements Assessment | $696,753 CAD |
| Land Assessment | $103,611 CAD | Total Assessment | $800,364 CAD |
PROPERTY TAXES
Parcel Number
1800-002-000-02500-000-0060
Land Assessment
$103,611 CAD
Improvements Assessment
$696,753 CAD
Total Assessment
$800,364 CAD
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