Development Partner/Construction Opportunity
208–216 King St.,
Port Chester, NY 10573
Fully Approved 185-Unit Luxury Apartment Building,
Westchester County, NYC Suburbs
Capitalize on a premium opportunity to co-develop a pedestrian-friendly Westchester County, N.Y., location and construct a fully approved 185-unit apartment building. This site, just 30 minutes north of New York City, is ideal for development. King Street is convenient to downtown and the property is steps away from Metro-North suburban trains, major bus stops and highways. The site’s Opportunity Zone location provides a host of benefits, including waiver of capital gains taxes. Recently secured municipal approval 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.
We were recently interviewed by Westchester & Fairfield County Business Journals.
- Units: 185, from studios to three bedrooms
- Height: 12 stories
- Square feet: 221,000
- Parking: 152 spaces, off-street
- Bicycle parking: 47 spaces, interior
- Luxury amenities: 13,087 square feet, including a top-floor clubroom/lounge, co-working area, fitness area, yoga room, conference center and dog run, in addition to a rooftop amenity deck and pool
- Affordable Housing designation: 19 units
- Site Plan Approval: Village of Port Chester Planning Commission, September 2022
- Acreage: .57 of an acre
- Schools: Port Chester-Rye Union Free School District
PORT CHESTER: RICH HISTORY, VIBRANT FUTURE
The rich culture of Port Chester, N.Y., blends urban lifestyles with suburban conveniences. Located in the town of Rye, N.Y., Port Chester is ideally located just a short drive or train ride from New York City and only minutes from Connecticut, the gateway to New England. This positions the village, home to 31,000 residents, as both a transit-oriented hub and travel gateway – just one of many attractions for future King Street residents.
Port Chester, located on the Byram River, traces its roots to the bustle of a community known for boat building. Today, its multicultural renaissance spotlights quality of life. With 2.4 square miles, the village is known for its thriving waterfront, pedestrian-friendly cityscape, six family-oriented parks and top-shelf entertainment options such as the renowned Capitol Theater, a historic venue that has hosted everyone from the Grateful Dead to contemporary acts.
FOODIE AND SHOPPERS’ PARADISE
Port Chester also is well known as a paradise for foodies who revel in eclectic, diverse and authentic tastes in a downtown with ample choices. North Main Street, just a few minutes’ walk from King Street, provides the heartbeat of the village. It offers dining, shopping, services and more – everything from the cozy to the convenient. The Waterfront, a shopping and entertainment complex with national retailers along the shoreline, is another “must-visit” experience drawing residents and tourists alike. In addition, Port Chester’s location in affluent Westchester County, N.Y., provides immediate access to a bevy of dynamic arts, culture and entertainment options, as well as the business centers of White Plains, N.Y., and Stamford, CT.