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Dwell Snap Team

info@dwellsnap.com +1(860) 306-9136

$ 14,000,000

Est. payment -/mo

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Active

208-216 King ST Port Chester, NY 10573

0.57 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 829188

Rental Info No

Year Built 2025

Annual Tax Amount $44,094

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Multi Family

Source onekey2

Property Description

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.

Location

State NY

County Westchester County

Rooms

Basement Common, Full, Partially Finished, Walk-Out Access

Interior

Heating Electric

Cooling Electric, ENERGY STAR Qualified Equipment, Individual Units

Flooring Hardwood

Fireplace No

Appliance Tankless Water Heater

Exterior

Parking Features Garage

Fence Back Yard

Utilities Available Trash Collection Public

View City, Panoramic, Water

Total Parking Spaces 152

Building

Lot Description Corner Lot, Sloped

Story 12

Foundation Concrete Perimeter

Sewer Public Sewer

Water Private

Structure Type Advanced Framing Technique,Brick,Structurally Insulated Panels

Schools

Elementary Schools King Street School

Middle Schools Port Chester Middle School

High Schools Port Chester Senior High School

Others

Special Listing Condition None

Listed by Regency Homes Rlty Group, Inc.

Dwell Snap Team

Agent | License ID: 10401320877

+1(860) 306-9136

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