RMS Companies has sold its luxury Stratus on Hudson rental
building to Ginsburg Development Companies for $39.5 million.
The sale price is one of the highest multi-family price per unit
sales in Westchester
The 74-unit luxury rental building located at 1077 Warburton Avenue in the Greystone neighborhood of northwest Yonkers was completed last year.
“GDC has a lot of
history in the Greystone area going back to the 1960’s and have built six
projects in this community. Randy Salvatore built a building that meets the
high-quality brand standards of GDC Rentals, so it was a natural fit for our
portfolio,” said GDC Principal Martin Ginsburg
Stratus on Hudson features a rooftop sun deck with lounge
seating, an outdoor bar, wide screen television, and breathtaking views of the
Hudson River looking up and down the river toward the New York City skyline.
Other amenities include a club lounge party room with
billiards, a fitness center, indoor garage parking and a location that offers a
three-minute walk to the Greystone Metro-North station.
GDC will offer Stratus residents access to The Spa at River
Tides and other programming offered at the larger 330-unit full-service
building.
The apartments at Stratus feature 9.6 ft. ceilings with
8-foot panoramic windows with many river views; LVT plank flooring with
herringbone pattern carpeting in bedrooms;
designer kitchens with stainless steel appliances, high gloss grey and
white cabinets and quartz countertops; large walk-in closets; a washer and
dryer in every unit; and spa inspired bathrooms with glass shower enclosures.
Stratus marks the 10th property owned by various GDC
entities and managed by GDC Rentals. In
addition to Stratus, River Tides and 1177, the properties include The Lofts on
Saw Mill River in Hastings-on-Hudson, The Metro in GDC’s City Square complex in
White Plains, Harbor Square in Ossining, Fort Hill Apartments in Peekskill, The
Landing on Mohegan Lake, and Parkside and Riverside on the Hudson River in
Haverstraw.
