Yonkers, NY Executives from Simone Development Companies were on hand with mayor Mike Spano and Wingstop franchisee Spencer Rubin for the grand opening reception of Wingstop’s newest restaurant. Also attending the event were city council members and schools superintendent Anibal Soler.
Located at 132 Tuckahoe Rd., the restaurant leased 1,300 s/f in the fully leased 10,029 s/f building owned and managed by Simone Development. This is the second Wingstop restaurant in Yonkers and fourth in Westchester County. Other locations are in Port Chester and Pelham. Wingstop Inc. is an American international chain of restaurants that primarily sells buffalo wings. It has 30 locations in the Greater New York Metropolitan area.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,