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The Miroza Tower
Update
02/01/24
Financial Incentives Approved for 25-Story Tower Project in Yonkers
The Yonkers Industrial Development Agency (YIDA) has just approved financial incentives, which will support the construction of Miroza Tower; a 27-story residential building, set to rise at 44 Hudson Street in Yonkers, New York. These incentives include a $5.8 million sales tax exemption, a $1.3 million mortgage recording tax exemption, and a 20-year payment in lieu of taxes agreement valued at $12.4 million.
Developed by ; a real estate investment company, based in Tel-Aviv, and designed by , the building will contain rental apartments. Approximately 10% of these units will be dedicated to affordable housing.
Tenant amenities are to include two separate residential lounges, a landscaped rooftop, a playroom for younger children, a party room, a library, a fitness center, and a conference room. Plans also call for square feet of retail space, and an enclosed parking garage, with enough room for vehicles.
