Somerset planning coversion at $52m Yonkers tower.Jeffrey Dunne and Patrick Bisceglia of CB Richard Ellis' New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of TriState Investment Team represented GDC GDC Game Developers Conference GDC General Dental Council GDC Gouvernement du Canada GDC Georgia Department of Corrections GDC Global Data Center GDC Guglielmi Detachable Coil GDC Global Development Center GDC Institute for Genetic Disease Control in Animals River Hill Tower, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an entity controlled by GDC Properties Inc., in the sale of River Hill Tower in Yonkers, NY for $52.25 million or $199,427 per unit. The team was also responsible for procuring the buyer, River Hill Residential LLC, an entity controlled by Somerset Financial Group, which plans to invest in common area and unit upgrades and convert the property to condominiums. River Hill Tower has 262 apartment units and offers exceptional views of the Hudson River Hudson River River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629. and Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). Interstate Park. Units at River Hill range from 490 s/f studios to 1,040s/f two-bedrooms, with an average unit size of 804 s/f. The building is 12 stories in height and sits on a 1.6-acre site off of' Warburton Avenue--a prime location within 500 yards of the Greystone Metro-North Railroad Station providing convenient access to Manhattan. Jeff Dunne commented, "This transaction further demonstrates that there is strong interest from the investment community in the City of Yonkers. "Somerset's huge investment in this spectacular waterfront site, adjacent to a Metro-North station, makes a good property a great one that should be well received by the entry level home buyer." |
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