Houlihan Lawrence Commercial Announces the Sale of Yonkers Building for $1,175,000

Real Estate In-Depth • June 8, 2026

RYE BROOK, NY (June 2026) – Houlihan Lawrence Commercial, a division of Houlihan Lawrence, has announced the recent sale of 29-31 Palisade Avenue, Yonkers for $1,175,000. The two-story 8,400 SF building on a 0.17- acre lot was the former location of The Salvation Army.


The seller was a New York City investment group, and the purchaser was a NYC development company with future plans to redevelop the site. Garry Klein, Associate Broker and Regional Manager of Houlihan Lawrence Commercial, represented the seller in the all-cash transaction.

“This property is in the heart of the Getty Square and Chicken Island redevelopment area of downtown Yonkers, with tremendous upside for a variety of uses,” stated Klein. “This area is getting more attention as the development trend that started along the Hudson has now moved into downtown,” added Klein, who also serves on the Board of the Yonkers Downtown Business Improvement District.

Houlihan Lawrence Commercial, a full-service division, specializes in Investment Opportunities; Office, Industrial and Retail Sales and Leasing; Land Acquisition and Development; Municipal Approval Consultation. With local expertise in the markets north of New York City, the Commercial Division has a database of buyers and sellers throughout the country to effectively market commercial properties and opportunities on a national level.

New York Primary Elections Signal Shifting Political Landscape

By Real Estate In-Depth • June 24, 2026
The June 23 primary elections produced several notable results across New York and could influence policy discussions heading into the November general election and beyond.

Westchester Rent Guidelines Board Approves Increases for Rent Stabilized Apartments

By Real Estate In-depth • June 24, 2026
The decision affects thousands of rent stabilized apartments throughout Westchester County and will govern lease renewals through September 30, 2027.

In Memoriam: Former WCBR, NYSAR President Savo Fries Passes Away at 82

By John Jordan • June 23, 2026
The enigmatic Fries was known for her boundless energy, her love of the industry and her good-natured and sometimes mischievous sense of humor.

Community Housing Innovations to Host Homeownership Expo in White Plains June 27

By Real Estate In-Depth • June 23, 2026
The event will feature educational workshops and exhibitor booths staffed by housing professionals and organizations from across the region.

NAR Applauds Senate Advancement of Bipartisan Housing Bill

By Real Estate In-Depth • June 23, 2026
According to NAR, the legislation would encourage new housing development, streamline regulatory processes, and strengthen existing housing programs to better serve communities across the country.

Primary Election Day Arrives Across New York

By Real Estate In-Depth • June 23, 2026
Among the closely watched races is the Democratic primary in New York's 17th Congressional District, which includes portions of Westchester, Rockland, Putnam, and Orange counties.
More