A historic Yonkers property that housed a string of popular restaurants over the years has been given a new life as a self-storage facility, the latest development by Hampshire Management Company (“Hampshire”), which owns and operates a commercial real estate portfolio across the tri-state area. This is the company’s first self-storage project. CubeSmart Self-Storage (“CubeSmart”) will serve as Hampshire’s third-party property manager.
After being vacant for more than 15 years, 1113 Central Park Avenue (the “Property”) was purchased by Hampshire in 2020 and repurposed from its original retail use to commercial/industrial use. The 164K-sf Property spans 5 stories and includes more than 1,100 climate-controlled storage units including a two-level lobby atrium space.
On Thursday, Yonkers officials, the developers, and local dignitaries gathered for a ribbon-cutting ceremony to mark the grand opening of the Property. “To see this property redeveloped after being vacant for so many years is a win for everyone,’’ said Yonkers Mayor Mike Spano. “By all accounts, this repurposing, with a very attractive building and in-demand use, should be a great success.’’…