470 Nepperhan Avenue S P A C E F O R L E A S E. Yonkers, NY ± 50,000 SF. Space Available for Triple Net Lease

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1 470 Nepperhan Avenue Yonkers, NY ± 50,000 SF Space Available for Triple Net Lease S P A C E F O R L E A S E

2 CONTENTS OVERVIEW 3 PROPERTY PHOTOS 4 PLANNED IMPROVEMENTS 5 SAMPLE LAYOUTS 6-7 ELECTRICAL SERVICE NEPPERHAN 9 AERIAL MAP 10 STREET MAP 11 COMMUNITY OVERVIEW 12 2

3 POTENTIAL USE: Retail, Trading, Data Center, Office, Medical Office, Warehouse or mixed use SUMMARY: The 116,000 square foot building was constructed in 1908 and revitalized by the City of Yonkers in The City had invested over 21 million dollars to install new infrastructure (electrical, fire alarm, sprinkler, HVAC, fiber optics plumbing and security) before selling the building to the current owner. The floor heights are approximately 17 foot from slab to slab. The column layout creates welldefined areas across the width and depth of the building, providing for flexible layouts for many varied uses. The rooftop structure is suitable for an urban farm or green roof. In addition to the main building, there is an adjacent structure, 460 Nepperhan Ave., suitable for retail, storage, or overflow parking SALES and USE TAX EXEMPTION: Sales Tax in Yonkers is 8.875% percent. For qualified projects the IDA can provide a sales tax exemption on the cost of goods and services related to construction, reconstruction, equipment and installation. This can significantly reduce the cost of a project. TRANSPORTATION: The site is conveniently located 9 minutes from the downtown waterfront area. The Yonker s Metro North Station is easily accessible by Uber or the local bus line, which runs bus service every 20 minutes to the Station. NYC can be reached in 22 minutes via Metro North. ELECTRICAL SYSTEMS: The main building is supplied with a 5,000 amp, 480/277v feed provided by Consolidated Edison. This feed is transformed to 208/120v service and distributed by a pair of copper bus ducts rising through the property. There is an electrical closet located on each floor equipped to deliver up to 1,200 amps per bus duct. COMMUNICATIONS: The building is updated with the latest fiber optics to drive any business infrastructure. NATURAL GAS SERVICE: The local utility has recently delivered high pressure natural gas service to the building for emergency power generation or kitchen service. HVAC SYSTEMS: The main building is serviced by a selfcontained 70-ton Baltimore AirCoil (BAC) Cooling Tower. Dunnage 3 exists to install a second tower. Also the building contains a Bryan Electric Boiler with an output of 980 MBH. mtynan@@expense-smart.com

4 PROPERTY PHOTOS 4

5 Planned Improvements Plans are in place to perform an update to the building s entrance, façade and parking lot to enhance the building s aesthetic value, better security, increase the number of usable parking spaces and to allow for better delivery traffic patterns to service the building s tenancy. The improvements are to include new paving, lighted hardscape and plantings. The parking lot will have the capacity to hold over 100 cars. Façade improvements will include a new entry feature and lighting which will enhance the look of the property and increase security. 5

6 Potential Use Layouts 6

7 Potential Use Layouts CCNA Realty LLC 7

8 Electrical Service 225A To Water Room Con Ed Service SLP 800A 2500A 2500A 5000A 200A Fire Pump Bus Duct A Bus Duct B 480/277V Service Switch DPT1 400A LPH1A Sect 2 400A To 2nd, 3rd and 4th Floor Electric Closets Boiler Room LPH1A Sect 1 MPxA 600A LPx 110A Bus Duct A PPx Sect 1 225A MPx Sect 1 225A LPHx Sect 2 225A LPHx Sect 1 225A Bus Duct B LPxA 110A DPTx Typical Electric Room 8

9 460 Nepperhan Avenue Adjacent to the main building is a smaller, but extremely versatile property 460 Nepperhan Avenue. 460 Nepperhan is a +/- 25,000 square foot, fullysprinklered wood structure with high bays. The building currently houses equipment for the Yonkers Fire and Emergency Response teams. Some potential uses include additional parking, product inventory storage, and retail. 9

10 AERIAL IMAGES 10

11 STREET MAP 11

12 COMMUNITY OVERVIEW Yonkers is one of New York's largest cities and the largest city in Westchester County. It borders Manhattan (to the south) and is less than 20 miles from the heart of New York City. The Hudson River flows along Yonkers' western border. The city's principal transportation artery is Interstate I-87 (also known as the New York State Thruway). Yonkers is also serviced by a number of other important roads including U.S. Route 9, New York State Highway 9A, and several parkways (Saw Mill, Cross County, and Bronx River). Yonkers was named 15th of 180 Safest Cities in America by WalletHub in This fact, along with its substantial access to transportation, (which includes two Metro-North stations and the largest bus service in the county), is charging new development in the city. Currently there is more than $20 billion dollars of new development occurring or planned for Yonkers. In a recent speech, Mayor Mike Spano singled out large-scale development projects such as Extell Development Co. s 1,395-unit apartment complex and AvalonBay s 609-unit complex along the downtown waterfront. Meanwhile, Strategic Capital finalized its sprawling 16-acre, $85 million development along the Hudson River waterfront in Yonkers last year. Other luxury projects include Ginsburg s River Tides residences and the Uno Apartments at Larkin Plaza, opened their doors during the year, while new tenants continue to sign on at the mixed-use development on North Broadway, the Boyce Thompson Center. In addition to the Safest City title, Yonkers was recently named the Best Place to Live in the Westchester Magazine. This fact, along with the surge in residential development, is bringing millennials to the area, creating a ready workforce for any endeavor. DEMOGRAPHICS POPULATION 196,459 MEDIAN HH INCOME $57,000 DAILY TRAFFIC 13,000 CARS PER DAY ON NEPPERHAN AVENUE 12

13 470 Nepperhan Avenue Yonkers, NY ± 50,000 Square Feet Space Available for Triple Net Lease NEPPERHAN AVENUE, SUITE 220 YONKERS, NY 10701