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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
Certaines informations ont été traduites automatiquement.
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 |
6 963 318 €
|
30 187 253,33 €
|
| Autres revenus |
573 466 €
|
2 486 079,45 €
|
| Perte due à la vacance |
452 206 €
|
1 960 396,83 €
|
| Revenu brut effectif |
7 084 578 €
|
30 712 935,95 €
|
| Taxes |
116 243 €
|
503 935,02 €
|
| Frais d’exploitation |
1 390 612 €
|
6 028 556,03 €
|
| Total des frais |
1 506 855 €
|
6 532 491,05 €
|
| Résultat net d’exploitation |
5 577 723 €
|
24 180 444,90 €
|
Bilan financier (Pro forma - 2025)
| Revenu de location brut | |
|---|---|
| Annuel | 6 963 318 € |
| Annuel par ha | 30 187 253,33 € |
| Autres revenus | |
|---|---|
| Annuel | 573 466 € |
| Annuel par ha | 2 486 079,45 € |
| Perte due à la vacance | |
|---|---|
| Annuel | 452 206 € |
| Annuel par ha | 1 960 396,83 € |
| Revenu brut effectif | |
|---|---|
| Annuel | 7 084 578 € |
| Annuel par ha | 30 712 935,95 € |
| Taxes | |
|---|---|
| Annuel | 116 243 € |
| Annuel par ha | 503 935,02 € |
| Frais d’exploitation | |
|---|---|
| Annuel | 1 390 612 € |
| Annuel par ha | 6 028 556,03 € |
| Total des frais | |
|---|---|
| Annuel | 1 506 855 € |
| Annuel par ha | 6 532 491,05 € |
| Résultat net d’exploitation | |
|---|---|
| Annuel | 5 577 723 € |
| Annuel par ha | 24 180 444,90 € |
Informations sur l’immeuble Sous contrat
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
Moyennement praticable à pied
70/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun robustes
80/100
Assez praticable en vélo
30/100
1 sur 2
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Fully Approved for 185 Apartments -Prime TOD | 208 King St
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