Contact Whitney Driver-Crimmins FOR IMMEDIATE RELEASE Telephone 973-379-6644 April 5, 2017 Cell 973-216-9853 Email [email protected] Website www.blauberg.com

THE BLAU & BERG COMPANY ANNOUNCES 4.5-ACRE DEVELOPMENT OPPORTUNITY IN YONKERS, NY

SHORT HILLS, NJ, April 5, 2017 – The Blau & Berg Company, a prominent commercial real estate brokerage firm in the and Tri-State area since 1932, recently announced the availability of a 4.5-acre development opportunity located at 630 Central Park in Yonkers, NY.

Situated along the Hudson River adjacent to City’s northern border, Yonkers is the fourth largest city in New York State and the largest in Westchester County. The downtown waterfront district is the hallmark of the city and continues to grow with hundreds of new luxury high-rise apartments, gourmet restaurants, shopping and parks, all just a 25 minute train ride to midtown Manhattan. The city offers the charm of suburban living and the commercial activity of a large metropolitan area.

The 4.5-acre property at 630 Central Park is located between exits 3 and 4 off the New York State Thruway, 3 miles from downtown Yonkers, one block from the Empire City Casino at Yonkers Raceway, two blocks from Cross County Shopping Center and minutes from and the George Washington Bridge. The property is also 15 miles from Midtown Manhattan and offers easy access to . As the demand for space outside of Manhattan continues to grow, this site offers a unique development opportunity for the right buyer.

“The current owner took the initiative to reimagine the use of this prime piece of real estate,” stated Laura L. Crimmins, Assistant Director, The Blau & Berg Company and the exclusive broker for the property. “The owner envisions a mixed-use development comprised of retail, a conference center and a hotel. The application for zone change has been submitted to the city of Yonkers and plans will be provided to the new owner upon close of the sale.“

About The Blau & Berg Company The Blau & Berg Company (www.blauberg.com) was founded in 1932 and holds a leading position in the New Jersey and Tri-State commercial real estate market. Headquartered in Short Hills, New Jersey, The Blau & Berg Company is an independent, full-service commercial real estate brokerage firm, providing expert and personalized services in industrial, office and retail real estate, including: site selection, acquisitions, dispositions, leasing, tenant representation, portfolio sales, asset repositioning, and property & construction management.

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