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.

Essential Information

MLS® #4987512

Community Information

Address60 South Kensico Avenue
AreaWhite Plains
CityWhite Plains
Zip Code10601



Electric, Gas, Phone, Sewer, Water

School Information

DistrictWhite Plains
ElementaryWhite Plains
MiddleWhite Plains
HighWhite Plains

Listing Details

Listing Courtesy ofRegency Homes Rlty Group, Inc.

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Listing information last updated on December 12th, 2019 at 6:58am CST.

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