914-720-6220
208-216 King St, Port Chester, NY for Sale
Apartments - FOR SALE
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208-216 King St
Port Chester, NY 10573


HIGHLIGHTS

  • Opportunity to purchase outright a fully approved 185-unit apartment development within steps of Metro-North access. A rare YTC 7.04%!
  • Benefit from a suburban location within 30 minutes of New York City, near dining, shopping, the Capitol Theater, and the waterfront.
  • Property Amenities will include on-site parking, a shared rooftop deck, a pool, a tenant-exclusive lounge, a fitness center, and more.
  • 208-216 King Street site sits within a federal Qualified Opportunity Zone (QOZ) and is ideal for a 1031 exchange.
  • 2% commission paid to cooperating Seller's Broker upon successful closing!

OVERVIEW

208-216 King Street presents a premier opportunity to purchase a fully approved multi-family development at a pedestrian-friendly location in Westchester County, New York. The fully approved 185-unit apartment building site is located just under 400 feet from the Metro North train station and is in a federal Opportunity Zone. Ownership is seeking a qualified developer buyer for a sale. Featuring a mixed-material façade with bright gray and red brick and dark gray cladding, the building will contain 36 studio units, 58 one-bedroom units, 80 two-bedroom units, and 11 three-bedroom units. Tenants will have access to more than 13,000 square feet of amenity spaces when complete, including a pool, a partially shaded roof deck, a top-floor lounge, coworking spaces, a fitness center with a yoga room, a flexible conference room for events and gatherings, and a dog run. An on-site parking garage for up to 152 vehicles and 47 bicycle docks will also be available. Port Chester blends urban lifestyles with suburban conveniences just 30 minutes north of New York City. The village is known for its thriving waterfront cityscape, six family-oriented outdoor parks, and top-shelf entertainment options like the renowned Capitol Theater. North Main Street, only a few minutes walk from King Street, provides the heartbeat of the community with numerous dining, shopping, and service options. An affluent population of over 652,500 residents lives within a 10-mile radius, representing an average household income of approximately $153,920 annually. Capitalize on this incredible opportunity to develop an unrivaled multi-family destination where housing demand far outpaces supply in a place known for its growth, flourishing quality of life, and economic success.

FOR SALE DETAILS

PRICE

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# OF UNITS

185

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

12

YEAR BUILT

2027

PARKING SPACES

152

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

CD-6

APN/PARCEL ID

4801-142-000-00022-002-0065-0000000

ASK ABOUT THIS PROPERTY

Rajeev ChennattuRegency Real Estate, Inc.More Info
914-720-6220

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Rajeev ChennattuRegency Real Estate, Inc.More Info
914-720-6220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.