Nonprofit Rising Ground to sell former Leake & Watts property
The 32-acre riverfront property has 130 years of history, with the Leake & Watts Orphan House founded in Yonkers in 1890.
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Feb 11, 2021, 2:47 PM
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Updated 1,340 days ago
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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.
The campus currently houses multiple programs, including an early childhood learning center and a residential treatment center. It still takes in unaccompanied migrant children from the border.
Mucatel says he expects these services to stay in the area.
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