A 17-unit apartment complex has been sold for $2.1 million in Yonkers, Redwood Realty Advisors announced on Tuesday.
The building at145 Radford St. was sold to 145 RS, LLC.
"Our client was able to take advantage of a very competitive bidding environment,” Michael Scrima, an Investment Associate at Redwood Realty, told lohud.com in this article.
Developers are reportedly getting priced out of New York City, so are shifting their attention to southern Westchester County including Yonkers, Scrima said.
"That demand along with an active group of local real estate investors has produced steady price increases for the past two years," Scrima told lohud.
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