208-216 King St
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208-216 King St
185 Unit Block of Flats For Sale Port Chester, NY 10573
Investment Highlights
- Opportunity to purchase outright a fully approved 185-unit apartment development within steps of Metro-North access. A rare YTC 7.04%!
- 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.
Executive Summary
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.
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.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2025) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type | Investment | Lot Size | 0.59 AC |
Sale Conditions | Development Sale | Construction Status | Proposed |
No. Units | 185 | Building Size | 221,800 SF |
Property Type | Residential | Number of Floors | 12 |
Property Subtype | Apartment | Year Built | 2027 |
Apartment Style | High Rise | Parking Ratio | 0.69/1,000 SF |
Building Class | B | Opportunity Zone |
Yes
|
Sale Type | Investment |
Sale Conditions | Development Sale |
No. Units | 185 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | High Rise |
Building Class | B |
Lot Size | 0.59 AC |
Construction Status | Proposed |
Building Size | 221,800 SF |
Number of Floors | 12 |
Year Built | 2027 |
Parking Ratio | 0.69/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Business Centre
- Controlled Access
- Concierge
- Fitness Centre
- Laundry Facilities
- Pool
- Property Manager on Site
- Pet Play Area
- Bicycle Storage
- Conference Rooms
- Lift
- Lounge
- Sundeck
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
Studios | 36 | £23,589 | 450 - 625 |
1+1 | 58 | £29,926 | 700 - 703 |
2+2 | 80 | £45,323 | 988 - 1,077 |
3+2 | 11 | £59,156 | 1,215 - 1,281 |
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Walk Score ®
Walker's Paradise (94)
PROPERTY TAXES
Parcel Number | 4801-142-000-00022-002-0065-0000000 | Improvements Assessment | £510,641 (2023) |
Land Assessment | £151,093 (2023) | Total Assessment | £661,734 (2023) |
PROPERTY TAXES
Parcel Number
4801-142-000-00022-002-0065-0000000
Land Assessment
£151,093 (2023)
Improvements Assessment
£510,641 (2023)
Total Assessment
£661,734 (2023)
zoning
Zoning Code | CD-6 (Residential) |
CD-6 (Residential) |
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208-216 King St
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