208-216 King Street

Highlights:

• 185 Units - 90% (164 units) market and 10% (19 units) at 60% AMI
• Average unit size is 825 SF
• 13,000+ SF of amenity space!
• 152 Parking - 391 feet to the train station (Metro North)
• 10% (19 units) at 60% AMI
• Walk to downtown

Description:

Capitalize on a premium opportunity to acquire a pedestrian-friendly sought-after Westchester County, N.Y., location and construct a fully approved 185-unit apartment building. Just 30 minutes north of New York City, the site is ideal for development. 208-216 King St. is convenient to a vibrant downtown and the property is a short walk (391 feet) away from Metro-North suburban trains and major bus stops, and just minutes away from highways and Westchester County Airport. The site’s Opportunity Zone location provides a host of benefits, including a waiver of
capital gains taxes. Recently secured municipal approval provides
substantial intrinsic value and includes certification that there will be
no adverse environmental impact from construction. This is a superb opportunity to build and operate an attractive multifamily destination where housing demand far outstrips supply, in a county known for its growth, flourishing quality of life and economic success. Originally, this development was designed and conceived by the Trammell Crow Company, but Regency Commercial Real Estate has acquired, and now offers for sale, development rights with full entitlements.

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