208-216 King Street

Highlights:

• 185 Units - 90% (164 units) market and 10% (19 units) at 60% AMI
• Average unit size is 800 SF
• Luxurious amenity space!
• 185 Parking spaces (Self-Park) - 391 feet to the train station (Metro North)
• 10% (19 units) at 60% AMI
• Walk to downtown
• Qualified Opportunity Zone (QOZ)!

Description:

A rare opportunity to acquire a pedestrian-friendly sought-after Westchester County, N.Y., prime location and construct a fully approved 185-unit apartment building. Just 30 minutes north of New York City, the site is ideal for transit-oriented 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. 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 the Seller has acquired, recently secured amendment to the original approval with significant design improvements and now offers for sale, development rights with full entitlements.