Asking Price
$8,400,000
Price Per Approved Unit
$70,000
Gross Lot SF
63,562 SF (approx.)
Acreage
1.46 Acres
Existing Building SF
3,708 SF (approx.)
For sale
250 Boston Post Road, Port Chester, NY, USA
Port Chester, Westchester
Rare Covered Land Opportunity
Approved 120-Unit Site Plan
- Multi-Family
- New Development
Key Details
Property Highlights
- SITE PLAN APPROVED
APRIL 2026
The Village of Port Chester Planning Commission approved a site plan for a 5-story, 171,070 GSF multifamily development comprising 120 residential units and 150 below-grade structured parking spaces. Approval expires April 27, 2029. - COVERED LAND PLAY
NNN INCOME THROUGH 2029
TD Bank (S&P: A+) occupies the site on a NNN lease generating $385,000/year ($32,083/ month) through August 31, 2029, providing a buyer with stable income while pursuing IDA approval and construction financing. - “PLAN THE PORT”
CD-4MU MIXED USE DISTRICT
Port Chester’s 2020 “Plan The Port” initiative introduced a village-wide form-based zoning code designed to foster transit-oriented growth. In 2023, the Village refined that framework by establishing the CD-4MU General Urban Mixed Use District, specifically to reinforce commercial corridors in close proximity to transit and enable mixed-use expansion. 250 Boston Post Road is zoned CD-4MU today, with a fully approved site plan in hand and the Port Chester IDA’s established track record of approving PILOT agreements for qualifying multifamily projects in the village. - METRO-NORTH
~40 MINUTES TO GRAND CENTRAL
The site sits steps from the Port Chester Metro-North station on the New Haven Line, offering approximately 40-minute service to Grand Central Terminal and direct connectivity to Midtown Manhattan. For renters who work in the city but seek more space and value than the five boroughs can offer, the Sound Shore corridor has become an increasingly attractive alternative, with Port Chester at its core. - SUPPLY-CONSTRAINED WESTCHESTER MARKET
Port Chester sits at the epicenter of Westchester County’s transit-oriented development boom. Institutional capital from Hines, Hudson Companies, and KABR Group has targeted the submarket, validating demand for well-located, transit-adjacent multifamily.
Brokers
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For sale
250 Boston Post Road, Port Chester, NY, USA
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