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

Real Estate In-Depth • June 8, 2026
Houlihan Lawrence Commercial Announces the Sale of Yonkers Building for $1,175,000

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.

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