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208 King St - Fully Approved for 185 Apartments -Prime TOD Lot • Résidentiel • 0,57 Acres • Port Chester, NY 10573
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Faits saillants de 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 de l'annonce
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 (CAD) | Annuel par AC (CAD) |
|---|---|---|
| Revenu de location brut |
11 079 072 $
|
19 436 968,80 $
|
| Autres revenus |
912 420 $
|
1 600 736,85 $
|
| Perte due à l’inoccupation |
719 488 $
|
1 262 260,32 $
|
| Revenu brut effectif |
11 272 004 $
|
19 775 445,33 $
|
| Taxes |
184 950 $
|
324 473,69 $
|
| Dépenses d’exploitation |
2 212 550 $
|
3 881 666,68 $
|
| Total des dépenses |
2 397 500 $
|
4 206 140,37 $
|
| Revenu net d’exploitation |
8 874 504 $
|
15 569 304,97 $
|
Bilan financier (Pro forma - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 11 079 072 $ |
| Annuel par AC | 19 436 968,80 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | 912 420 $ |
| Annuel par AC | 1 600 736,85 $ |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 719 488 $ |
| Annuel par AC | 1 262 260,32 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 11 272 004 $ |
| Annuel par AC | 19 775 445,33 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 184 950 $ |
| Annuel par AC | 324 473,69 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 2 212 550 $ |
| Annuel par AC | 3 881 666,68 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 2 397 500 $ |
| Annuel par AC | 4 206 140,37 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 8 874 504 $ |
| Annuel par AC | 15 569 304,97 $ |
Faits sur la propriété
1 Lot disponible
Lot
| Taille du lot | 0,57 AC |
| Taille du lot | 0,57 AC |
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
À construire
1 1
Moyennement praticable à pied
70/100
Exceptionnellement facile d’accès en voiture
90/100
Transports en commun robustes
80/100
Assez praticable en vélo
30/100
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208 King St - Fully Approved for 185 Apartments -Prime TOD
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