Oz Moving & Storage of the Bronx plans a $10.5 million move to a former carpet mill complex in Yonkers.
Oz Moving at 101 Lincoln Ave. expects to spend $9.5 million purchasing 498 Nepperhan Ave. and it expects to spend another $950,000 renovating the building.
Details about the move are included in Oz Moving’s application for financial assistance with the Yonkers Industrial Development Agency, whose board is scheduled to vote on an inducement resolution for Oz Moving Wednesday morning.
Oz Moving seeks $26,800 in sales tax and $171,000 in mortgage tax exemptions. Property tax breaks are to be determined.
Oz Moving expects to create 50 new full-time jobs and relocate 100 full-time jobs from the Bronx. The new jobs’ average annual salary is $25,000.