1175 Warburton Avenue
$18.5 million project
1175 Warburton Ave LLC is an affiliate of Ginsburg Development Companies, LLC which are the owners of the current River Tides. The proposed project will be three-story, 55 unit, market-rate rental apartment building on a 1.3-acre site. This will also contain one affordable housing unit in accordance with the Yonkers Affordable Housing Ordinance. The site is currently comprised of four dilapidated homes that have created a blighted condition in the Greystone neighborhood. The Ginsburg Development Companies agreed to pay an above-market price for the land as a “rescue mission” in order to remove a blighted condition located just feet away from its 330-unit River Tides project.