208-216 King Street Portchester, NY 10573

This is an opportunity to construct a fully approved 185-unit apartment building in Westchester County, New York, approximately 30 minutes north of New York City. The site is near a vibrant downtown area and a short walk (391 feet) from Metro-North suburban trains and major bus stops, with convenient access to highways and Westchester County Airport. The property is located in an Opportunity Zone. Municipal approval has been secured, including certification of no adverse environmental impact from construction. The final site plan approval is for a Class-A building with 185 residential apartments: 36 studios, 58 one-bedroom units, 80 two-bedroom units, and 11 three-bedroom units. The building is planned to be 12 stories high, encompassing 221,000 square feet. Parking will include 152 spaces for vehicles and 47 interior bicycle parking spaces. Luxury amenities are planned, totaling 13,087 square feet, and include a top-floor clubroom/lounge, co-working area, fitness area, yoga room, conference center, dog run, and a rooftop amenity deck and pool. There are currently three multi-family buildings on the site that generate cash flow.