208-216 King ST new Save Request In-Person Tour Request Virtual Tour
Port Chester,NY 10573
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY829188
Originating Board onekey2
Rental Info No
Year Built 2025
Annual Tax Amount $44,094
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Multi Family
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
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
School District Port Chester-Rye
Others
Special Listing Condition None