401 Davenport Ave, New Rochelle, NY 10805-2110
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.