60 South Kensico Avenue
$960,000, .2 Acres
About This Property
16 unit apartment building development opportunity for investors and developers/builders! 8,526 SF lot currently leased to City of White Plains (short term) and is used as a paved municipal parking lot. Additional 3,709 SF lot at 25 Minerva Place (29 X 125) is included in the price! RM-1 zone! permitted use includes multi-family apartment building! A minimum of 16 units with 20% of which allocated to affordable housing could be built on the site as a permitted principal use. Adding 25 Minerva Pl lot into the mix would make a case for a variance seeking additional 4 units! 3 stories could be built without variance. Minerva lot could help yield additional buildable SF if thrown in for parking. Lots could also be sold separately. Owners will take back the 1st mortgage with 30% down. Serious seller priced to sell.
Electric, Gas, Phone, Sewer, Water
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Listing information last updated on December 12th, 2019 at 6:58am CST.