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.