River Club at Hudson Park at 63 Wells Ave. in Yonkers, NY/ Photo credit: River Club
NEW YORK CITY—Strategic Capital's River Club apartments at 63 Wells Ave. in Yonkers, NY received a $70 million fixed-rate loan from Guggenheim.
The development is a 24-story, 213-unit multifamily building on the Hudson River Waterfront and is the third and final phase of a larger redevelopment plan. The property includes access to a 206-space parking garage, indoor pool, 24-hour fitness center and rooftop lounge. It received a temporary certificate of occupancy in December 2018 and apartments are on the market to lease.
North of Manhattan in Westchester County, the structure is the tallest residential tower on the Yonkers riverfront, with unobstructed views of the Hudson River and surrounding area.
The building has 22 studios, 128 one-bedroom units, and 63 two-bedroom units, with an average apartment size of 774 square feet. Amenities include an indoor pool, 24-hour fitness center, rooftop lounge and bar, concierge service, and a smartphone video intercom. It is also close to the Metro North station.
A Newmark Knight Frank team with Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Dan Fromm and Nick Scribani negotiated the financing for Strategic Capital.
“The unmatched amenity package and unobstructed views make the River Club at Hudson Park the premier new multifamily property in Yonkers and will certainly continue to attract a vibrant tenant base,” says Stolly.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
