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    OFF-MARKET
    Commercial land

    401 Davenport Ave, New Rochelle, NY 10805-2110

    0.28 ac lot
    Trust Owned 7-yr Hold Free & Clear
    Property ID
    US63-5188499
    Property summary
    AI-generated overview

    This exceptional 1.75-acre property at 401 Davenport Avenue, New Rochelle, NY 10805, offers 58,815 square feet of development potential. Zoned R1-WF-10, it boasts a coveted waterfront location on New Rochelle Harbor, near the Castaways Yacht Club. The site's proximity to downtown New Rochelle provides easy access to major transportation routes and mass transit, connecting residents to New York City. This prime location offers unparalleled views of the marina and Long Island Sound, making it ideal for a luxury development catering to the growing demand for high-end waterfront living. The property includes APNs 1-160-1001, 1002, 1003, 1004 & 1005. Its strategic position near private waterfront amenities, including beaches, pools, tennis clubs, and marinas, enhances its desirability. The site's potential for substantial revenue generation is supported by the influx of high-net-worth individuals and the current market trends favoring luxury real estate. This is a unique opportunity to create a prestigious development in a highly sought-after location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.28 ac (12,197 SF)
    APN 551000 1-160-1001
    UPID US63-5188499
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Shorefront Preservation Trust INC · 7 yrs held
    Shorefront Preservation Trust INC
    since 2018
    1 recorded transaction
    2018
    $1.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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