River Club at Hudson Park Apartments Receives $70M Loan

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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