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Yonkers council approves conveyance of former Public School 12 to Dar Holdings after debate
Summary
After public comment and a split vote, the Yonkers City Council adopted a local law authorizing sale of the condemned former Public School 12 at 164 Ashburton Ave. to Dar Holdings 164 LLC for redevelopment into affordable housing; the measure passed 6–1 amid concerns about price and developer vetting.
Yonkers City Council voted Sept. 30 to authorize the conveyance of the city-owned former Public School 12 at 164 Ashburton Avenue to Dar Holdings 164 LLC for residential redevelopment after debate over the sale price and developer vetting.
Philip Armstrong, a Yonkers resident who said he lives at 50 Landscape Avenue, told the council the property's 2025 assessed value is $4,348,800 and that the administration proposes selling the site for $500,000 to Dar Holdings 164 LLC, an entity the transcript records as formed on 07/29/2025. "We're selling the property for $500,000," Armstrong said, calling the deal "far under what it is valued at"…
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