Nonprofit Rising Ground to sell former Leake & Watts property
News 12 Staff
Updated on:Feb 11, 2021, 9:47am EST
Nonprofit Rising Ground announced that its Yonkers property, formerly known as Leake & Watts, is officially on the market.
The 32-acre riverfront property has 130 years of history, with the Leake & Watts Orphan House founded in Yonkers in 1890.
Rising Ground CEO Alan Mucatel says the property is being sold to enhance the nonprofit s long-term financial viability.
Transwestern Real Estate Services, which listed the property, estimates it s worth more than $60 million.
Mayor Mike Spano says it is likely the last large parcel of property in Yonkers. He says he is sad to see the nonprofit go.