AMS buys another Yonkers office building for $9.5M

The six-story office building at 86 Main Street in Yonkers, which was built for Homes for America in 2005, has a new owner. New York City REIT AMS Acquisitions paid Madison Realty Capital $9.5 million for the property, which is across the street from the Yonkers Metro North station. AMS, which bought the building at 92 Main Street for $17.5 million in January 2017, plans significant renovations to the building, including adding floor-to-ceiling windows on the top three floors. Schuckman Realty represented both parties in the sale, and Cushman & Wakefield has been chosen as the leasing agent. [Press Release]