Adler of Rand Commercial brokers $9.5 million sale of Yonkers development site

Rendering of The Kimball Residences, 1219 Yonkers Avenue - Yonkers, N.Y.

Yonkers, NY Paul Adler, Esq., SIOR of Rand Commercial brokered the $9.5 million sale of 1219 Yonkers Ave., the former site of the Kimball Theatre, where a residential development had previously been approved.

The property was acquired by developer Mark Stagg’s Stagg Group from 1219 Yonkers Avenue LLC, a joint venture of Aubrey Capital LLC and Empire General Contracting. The seller had received approvals from the city for a development known as The Kimball Residences.

Rand Commercial represented the buyer. William Cuddy, Jr. and Jacqueline Novotny of CBRE represented the seller.

Tags: Brokerage New York City

Reprint

Adler of Rand Commercial brokers $9.5 million sale of Yonkers development site

Yonkers, NY Paul Adler, Esq., SIOR of Rand Commercial brokered the $9.5 million sale of 1219 Yonkers Ave., the former site of the Kimball Theatre, where a residential development had previously

After the lease is signed: What New York City’s office moves reveal about the changing workplace - by Maya Z.

Staats of Katz signs Uptown Cheapskate to first New Jersey location

Staats of Katz signs Uptown Cheapskate to first NJ location

Marcus & Millichap arranges $16.4 million sale of mixed-use

Marcus & Millichap arranges $16.4m sale of mixed-use

RIPCO Real Estate represents El Pollo Loco in 2,400 s/f lease in Jackson Heights

RIPCO reps. El Pollo Loco in 2,400 s/f lease

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

2026 Women in Commercial Real Estate: Anna Chin, TerraCRG

Columns and Thought Leadership

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,