38-40 S West Street
Building · Sunset Hill · $1,300,000
Beyond Capital has been exclusively retained to handle the disposition of two adjacent residential lots at 38-40 SW Mt. Vernon, NY. The property is located within the Mount Vernon West Transit Oriented Rezoning Development Area.
Current Rezoning of the area allows for a 5 story mixed use development. Due to the proximity of the Metro-North Mt. Vernon West train station, the properties have an additional bonus density of 5 stories, allowing for a larger mixed use residential apartment building that will extend to 10+ stories, with onsite indoor parking and commercial units on the ground floor.
The subject property is less than 400 feet from the entrance of the Metro North train station. New developments in the area include MacQuesten's 189 unit 17-story rental project which is right next door as well as Enclave Equities' 179 unit apartment complex just a few blocks north of the site.
Within the Mt. Vernon West train station, recent developments have increased the desire for Manhattanities to move into urban cities within Westchester transit accessible towns. These parcels of land would be ideal for any developer looking to capitalize on the location of the site and its proximity to Manhattan. Metro North service is a 27 minute train ride into Grand Central with express trains running 22 minutes to and from Mt. Vernon West Train stop to Manhattan.
Renderings displayed in this memo and their materials are shown for illustrative purposes only and may contain features that are not included in the final product of this building. Elevation rendering is an artist's interpretation only. Architectural elements may vary from rendering shown.
The subject property does not come with approved plans. Due diligence is highly encouraged. Please bring your architects.
For more information, contact the Beyond Capital Team. Memo is available upon request.
WebID: 246088 - Listing Courtesy of Mirza Avdovic