38-40 South West Street
38-40 South West Street
Expired
Expired
Description
Recent 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,...We have been exclusively retained to handle the disposition of two adjacent lots at 38-40 SW Mt. Vernon, NY. The property is located within the Mount Vernon West Transit Oriented Rezoning Development Area.
Recent 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.
This property is less than 400 feet from the entrance of the Metro North train station as well as the local police department. 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 that have transit accessibility. These contiguous 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. Commutes to Midtown actually range from 26 to 38 minutes and average 32 minutes. Trips to the first Manhattan stop, 125th Street in Harlem, take from 14 to 25 minutes and average 20 minutes.
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Location
Property Details for 38-40 South West Street
| Status | Expired |
|---|---|
| Days on Market | 247 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | - |
| Year Built | - |
| Lot Size | 0.16 AC |
| County | Kings County |
Location
Building Information for 38-40 South West Street
Payment Calculator
$14,428 per month
30 year fixed, 7.25% Interest
$14,428
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$0
Schools near 38-40 South West Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Hamilton School PublicK to 8 | ||
Mount Vernon High School Public9 to 12 | ||
Nelson R Mandela/DR Hosea Zollicoffer High School Public9 to 12 | ||
Denzel Washington School-Arts Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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