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Fully Approved for 185 Apartments -Prime TOD 208 King St Lot | Résidentiel | 0,23 ha | À vendre | Port Chester, NY 10573
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Informations principales sur l'investissement
- Transit Oriented Development located in Opportunity Zone: QOZ with potential tax advantages
- Unit Mix: 185 luxury apartments (40 studios, 54 1BR, 80 2BR, 11 3BR)
- Premium Amenities: Rooftop deck, clubroom/lounge, yoga and fitness rooms, dog run, and conference center
- Shovel-Ready: Full site plan amendment approved by Port Chester Planning Commission (Sept. 2025)
- Parking: 185-space self-park garage (no stackers) + 47 indoor bike spaces
- A rare 7.37% Yield On Cost!
Résumé analytique
Rare Transit-Oriented Development with Full Entitlements in a Qualified Opportunity Zone
208–216 King Street presents a fully approved, shovel-ready multifamily development in the heart of Port Chester, NY. This 185-unit luxury project sits less than 400 feet from the Metro-North station, offering exceptional transit connectivity and unbeatable access to NYC, southern New England, and the Hudson Valley.
The project’s amended design delivers major upgrades: mechanical stackers have been replaced with a 1:1 self-parking garage (185 spaces), and streamlined construction methods minimize SOE requirements, improving efficiency while maintaining the project’s premium design and 12-story height.
This development caters to a wide range of residents—young professionals, families, and empty nesters—seeking Westchester’s upscale lifestyle without ownership burdens. With luxury amenities including a rooftop deck, club lounge, yoga/fitness studios, dog run, and conference center, this property is primed to capture strong rental demand in a market where housing supply remains tight.
Project Highlights
Transit-Oriented Location: ~391 ft to Metro-North; steps to bus stops; minutes to I-95, I-287, and Westchester County Airport
Shovel-Ready: Full site plan amendment approved by Port Chester Planning Commission (Sept. 2025)
Unit Mix: 185 luxury apartments (40 studios, 54 1BR, 80 2BR, 11 3BR)
Square Footage: 247,874 SF | Height: 12 stories
Parking: 185-space self-park garage (no stackers) + 47 indoor bike spaces
Affordable Housing: 19 units (10%)
Premium Amenities: Rooftop deck, clubroom/lounge, yoga and fitness rooms, dog run, and conference center
Location Benefits: Steps from vibrant downtown retail and dining; access to NYC and tri-state region
Opportunity Zone: Located in a QOZ with potential tax advantages*
Offering: Development rights with full entitlements – shovel-ready project
Land Summary
Lot Size: 0.57 acres
Zoning: Approved for luxury multifamily residential
Builder’s Advantage: Optimized construction plan with minimized SOE, increasing efficiency. An Attractive 7.3 YOC!
*QOZ benefits depend on investor eligibility and current law; buyers should seek professional guidance.
*Broker Participation is Protected!
208–216 King Street presents a fully approved, shovel-ready multifamily development in the heart of Port Chester, NY. This 185-unit luxury project sits less than 400 feet from the Metro-North station, offering exceptional transit connectivity and unbeatable access to NYC, southern New England, and the Hudson Valley.
The project’s amended design delivers major upgrades: mechanical stackers have been replaced with a 1:1 self-parking garage (185 spaces), and streamlined construction methods minimize SOE requirements, improving efficiency while maintaining the project’s premium design and 12-story height.
This development caters to a wide range of residents—young professionals, families, and empty nesters—seeking Westchester’s upscale lifestyle without ownership burdens. With luxury amenities including a rooftop deck, club lounge, yoga/fitness studios, dog run, and conference center, this property is primed to capture strong rental demand in a market where housing supply remains tight.
Project Highlights
Transit-Oriented Location: ~391 ft to Metro-North; steps to bus stops; minutes to I-95, I-287, and Westchester County Airport
Shovel-Ready: Full site plan amendment approved by Port Chester Planning Commission (Sept. 2025)
Unit Mix: 185 luxury apartments (40 studios, 54 1BR, 80 2BR, 11 3BR)
Square Footage: 247,874 SF | Height: 12 stories
Parking: 185-space self-park garage (no stackers) + 47 indoor bike spaces
Affordable Housing: 19 units (10%)
Premium Amenities: Rooftop deck, clubroom/lounge, yoga and fitness rooms, dog run, and conference center
Location Benefits: Steps from vibrant downtown retail and dining; access to NYC and tri-state region
Opportunity Zone: Located in a QOZ with potential tax advantages*
Offering: Development rights with full entitlements – shovel-ready project
Land Summary
Lot Size: 0.57 acres
Zoning: Approved for luxury multifamily residential
Builder’s Advantage: Optimized construction plan with minimized SOE, increasing efficiency. An Attractive 7.3 YOC!
*QOZ benefits depend on investor eligibility and current law; buyers should seek professional guidance.
*Broker Participation is Protected!
Bilan financier (Pro forma - 2025) |
Annuel | Annuel par ha |
|---|---|---|
| Revenu de location brut |
6 977 955 €
|
30 250 707,17 €
|
| Autres revenus |
574 671 €
|
2 491 305,21 €
|
| Perte due à la vacance |
453 157 €
|
1 964 517,60 €
|
| Revenu brut effectif |
7 099 470 €
|
30 777 494,78 €
|
| Taxes |
116 487 €
|
504 994,30 €
|
| Frais d’exploitation |
1 393 535 €
|
6 041 228,10 €
|
| Total des frais |
1 510 022 €
|
6 546 222,40 €
|
| Résultat net d’exploitation |
5 589 447 €
|
24 231 272,38 €
|
Bilan financier (Pro forma - 2025)
| Revenu de location brut | |
|---|---|
| Annuel | 6 977 955 € |
| Annuel par ha | 30 250 707,17 € |
| Autres revenus | |
|---|---|
| Annuel | 574 671 € |
| Annuel par ha | 2 491 305,21 € |
| Perte due à la vacance | |
|---|---|
| Annuel | 453 157 € |
| Annuel par ha | 1 964 517,60 € |
| Revenu brut effectif | |
|---|---|
| Annuel | 7 099 470 € |
| Annuel par ha | 30 777 494,78 € |
| Taxes | |
|---|---|
| Annuel | 116 487 € |
| Annuel par ha | 504 994,30 € |
| Frais d’exploitation | |
|---|---|
| Annuel | 1 393 535 € |
| Annuel par ha | 6 041 228,10 € |
| Total des frais | |
|---|---|
| Annuel | 1 510 022 € |
| Annuel par ha | 6 546 222,40 € |
| Résultat net d’exploitation | |
|---|---|
| Annuel | 5 589 447 € |
| Annuel par ha | 24 231 272,38 € |
Informations sur l’immeuble
1 Lot disponible
Lot
| Surface du lot | 0,23 ha |
| Surface du lot | 0,23 ha |
Prime, fully entitled multifamily development in a pedestrian-friendly Westchester location—just 30 minutes north of NYC and 391 feet from Metro-North. Amended approval features a 1:1 self-parking garage (185 spaces) and improved constructability.
Description
To be built
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Somewhat bikeable
30/100
1 sur 2
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Fully Approved for 185 Apartments -Prime TOD | 208 King St
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