Stewart Stamping building for sale in Yonkers
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- May
- 22
The former Stewart Stamping building at 630 Central Park Ave. in Yonkers is for sale.
At 201,000 square feet, it is the largest industrial building on the market in Westchester County, according to the broker, CB Richard Ellis in Stamford, Conn. No asking price is being set.
Stewart EFI of Thomaston, Conn. said this month it was closing the precision metal manufacturing operation in Yonkers by the end of the year. The two-story red brick building was an industrial manufacturing landmark in the city for more than 50 years. Stewart said 145 people are employed there.
Its location should help draw bidders for the property, said Budd Wiesenberg, the CBRE vice president who’s leading the sales effort.
The property is between Yonkers Raceway and the Cross County Shopping Center, just a mile north of the New York City/Westchester County line. The factory can be accessed off Exit 3 of the New York State Thruway. The brokerage estimates that 135,000 vehicles pass it every day.
Wiesenberg noted that the new Empire City casino at the Raceway, and the renovations at Cross County Shopping Center, were driving traffic to the area.
“The location is very interesting,†he said. “We’re very bullish on it.â€
The 3.5-acre lot is zoned industrial. The factory was built in stages between 1930 and 1983. It features about 15,000 square feet of finished office space and 186,000 square feet of manufacturing space on two floors, with 18-foot ceilings throughout.
This entry was posted
on Thursday, May 22nd, 2008 at 3:13 pm by Jerry Gleeson.
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Category: Real Estate, Shutting down, Winding down
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