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208-216 King St
Port Chester, NY 10573
Luxury High-Rise Apartments-Development! · Multifamily Property For Sale · 185 Units

INVESTMENT HIGHLIGHTS

  • Opportunity to purchase outright a fully approved 185-unit apartment development within steps of Metro-North access. A rare YTC 7.59%!
  • Property Amenities will include on-site parking, a shared rooftop deck, a pool, a tenant-exclusive lounge, a fitness center, and more.
  • 2% commission paid to cooperating Seller's Broker upon successful closing!
  • Benefit from a suburban location within 30 minutes of New York City, near dining, shopping, the Capitol Theater, and the waterfront.
  • 208-216 King Street site sits within a federal Qualified Opportunity Zone (QOZ) and is ideal for a 1031 exchange.

PROPERTY FACTS

No. Units 185
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Hi-Rise
Building Class B
Lot Size 0.59 AC
Construction Status Proposed
Building Size 221,800 SF
No. Stories 12
Year Built 2028
Parking Ratio 0.69/1,000 SF
Zoning CD-6 - Residential Multi-Family

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

SITE AMENITIES

  • 24 Hour Access
  • Business Center
  • Controlled Access
  • Concierge
  • Fitness Center
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Pet Play Area
  • Bicycle Storage
  • Conference Rooms
  • Elevator
  • Lounge
  • Sundeck

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 36 $29,859 450 - 625
1+1 58 $37,881 700 - 703
2+2 80 $57,371 988 - 1,077
3+2 11 $74,880 1,215 - 1,281

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4801-142-000-00022-002-0065-0000000
Land Assessment
$199,800
Improvements Assessment
$697,600
Total Assessment
$897,400
  • Listing ID: 27417834

  • Date on Market: 1/2/2023

  • Last Updated:

  • Address: 208-216 King St, Port Chester, NY 10573

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