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Multi Family 5+ in Westchester County
MLS Number829188
Address208-216 King Street, Port Chester, NY 10573 show map
Price$14,000,000 show mortgage calculator
Acres0.56999540863177
Year Built2025
Est. Sq. Footage0
Elementary SchoolKing Street School
Jr High-Middle SchoolPort Chester Middle School
High SchoolPort Chester Senior High School
Estimated Taxes$44,094
Total Apt Units185
Remarks

Capitalize on a premium opportunity to acquire a pedestrian-friendly sought-after Westchester County, N.Y., location and construct a fully approved 185-unit apartment building. Just 30 minutes north of New York City, the site is ideal for development. 208-216 King St. is convenient to a vibrant downtown and the property is a short walk (391 feet) away from Metro-North suburban trains and major bus stops, and just minutes away from highways and Westchester County Airport. The site’s Opportunity Zone location provides a host of benefits, including a waiver of capital gains taxes. Recently secured municipal approval provides substantial intrinsic value and includes certification that there will be no adverse environmental impact from construction. This is a superb opportunity to build and operate an attractive multifamily destination where housing demand far outstrips supply, in a county known for its growth, flourishing quality of life and economic success. Originally, this development was designed and conceived by the Trammell Crow Company, but Regency Commercial Real Estate has acquired, and now offers for sale, development rights with full entitlements. Building Highlights Units: 185: 36 studios, 58 one bedroom, 80 two bedrooms and 11 three bedrooms. Height: 12 stories Square feet: 221,000 Parking: 152 spaces Bicycle parking: 47 spaces, interior Luxury amenities: 13,087 square feet, including a top-floor clubroom/ lounge, co-working area, fitness area, yoga room, conference center, and dog run, in addition to a rooftop amenity deck and pool. Prime Transit-Oriented Development Opportunity in Qualified Opportunity Zone (QOZ). The final site plan approval is for a Class-A building with 185 large residential apartments. Please see the attached documents. Please submit the executed NDA for additional information for due diligence. Three multi-family buildings are presently on site that produce cash flow.

Amenities

Clubhouse, Garage, High Speed Internet, Pool

This listing is Courtesy of Regency Homes Rlty Group, Inc. (914-713-8800).

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