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Rivertowns Real Estate

Tarrytown Y in Talks to Sell Main Street Building to Developer

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November 7, 2019

by Barrett Seaman – 

Having operated out of its current building on West Main Street for more than a century, the Tarrytown YMCA announced earlier this year that it was putting the 41,537 sq. ft. space on the market and looking for a new home. 

Last month, it was revealed that the YMCA was in talks to sell the old building to apartment developer Wilder Balter. The Chappaqua-based firm has proposed replacing all the recreational facilities and the existing 48 rooms with approximately 100 units, divided between studios and one-bedroom apartments. The new complex would include affordable housing units. 

No contract has been signed, cautioned YMCA Director Gerry Riera, though there was a “verbal agreement” that could eventually lead to a contract after due diligence is completed and the appropriate village boards had signed off on the proposal. The period for due diligence alone is 90 days. 

“It’s certainly going to take its time,” Riera said.

Until the deal is sealed, the YMCA will be somewhat limited in its search for a new home, as properties that might be attractive now may no longer be on the market then. In the meantime, the YMCA board is pumping $60,000 to renovate the pool, the lobby and hire a swim coach. 

“We still have to effectively operate and provide services to the community until the time that we have a new location,” Riera said.

Also at issue is what will happen to the approximately 40 current residents of the Main Street facility. Riera is committed to resolving whatever relocation questions arise from the sale.

Wilder Balter has its own general contracting and property management arms and has created numerous housing projects throughout Westchester and the Hudson Valley. Representatives of Wilder Balter could not be reached for comment.

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