The building had been a part of Manner Warehouse, Inc. since the 1950s. “The Worsted Building” was the perfect fit for RJ Rose Realty’s portfolio due to its large size (208,000 square feet), seven floors, historic character and central location (only a mile away from major parkways). The building currently only hosts four tenants and is ripe for expansion as a multi-use tenant building. R.J. Rose Realty has already begun renovating the building to become useable space for artists’ commercial lofts, a place for technology companies, or for a professional school.
“When investing in real estate, look at the following first: location, value, future development potential, leases, income potential and if the property has a story. ‘The Worsted Building’ has history dating back to the early 1900s, and revitalizing this beautiful building will add even more character to the new Carpet Mills Arts District in Yonkers,” said Randolph Rose, President of R.J. Rose Realty.
“The Worsted Building” is a significant part of Yonkers’ history. The building was used for storing wool during the early 1900s. Alexander Smith and Halcyon Smith formed a very successful carpet company which continued on after this death by his sons, becoming Alexander Smith & Sons. During World War I, the carpet looms were converted to make tent ducks and navy blankets.
The building’s distinguished architecture and extraordinary history offers a charming option for potential tenants. It is the corner building to the entrance of the new CMAD of Yonkers, NY. The space is ready for leasing as some of the floors are already built out as office space, but the space can be custom designed to fit a tenant’s needs. Each floor is approximately 29,160 square feet. The building is a solid concrete building with concrete walls and floors, multiple loading docks, two large freight elevators, and can accommodate 53 feet trucks.
About R.J. Rose Realty R.J. Rose Realty is a family owned and operated company located in Yonkers, New York. R.J. Rose Realty owns the landmark Nepperhan Design Center, located in the historic former Alexander Smith Carpet Mills section of Yonkers. Combined, the buildings (500-530 Nepperhan Avenue) offer more than 170,000 square feet of commercial space. Their 30 tenants are an extraordinary group of artists, antique dealers, vintage clothing companies, costume companies, set designers, home furnishing companies, artistic sculptors, piano restorers, Hollywood motion picture companies and local TV studios. The RJ Rose Realty team has in-depth knowledge about commercial real estate in both Yonkers and Westchester County. For more information, please visit: http://rjroserealty.com.
