Affordable housing developer Wilder Balter recently purchased a historic YMCA building in Tarrytown. The 41,537-square-foot, four-story structure at 62 Main Street was originally constructed in 1928 and has had numerous additions since then. RM Friedland, which brokered the deal, announced the $6.45 million sale and the developer’s intention to preserve the masonry façade, while turning it into 109 affordable housing units and 100 parking spaces for local merchants.
“This really was a partnership from the very beginning between the YMCA, RM Friedland, Wilder Balter, Tarrytown Merchants Council, and Village government,” said John Barrett, managing director of the investment sales division of RM Friedland. “We all came together to see what was really important to the Village while preserving affordable housing.”
The building sits on a 1.2-acre lot with frontage on Main Street in the downtown shopping district. This particular YMCA no longer provides supportive housing, but is relocating its daycare services and fitness programs to the EF International School in Tarrytown.
No additional information has been released regarding supportive services or amenities as part of the future affordable housing plans. Neither an expected completion date or construction timeline has be announced.