521 City Island Avenue
City Island 1, New York
$9,000,000 Price
- Bedrooms   - Baths

521 City Island Avenue, City Island 1, New York

City Island- A Visionary Development in New York with a Marina Development opportunity in a prime desirable waterfront location with many possibilities. Development Project: 3 Acres of Land 3 Acres of Water with 120 Boat Slips Approved...

City Island- A Visionary Development in New York with a Marina Development opportunity in a prime desirable waterfront location with many possibilities. Development Project: 3 Acres of Land 3 Acres of Water with 120 Boat Slips Approved Development Plans with permits in place: 44 condos or townhouses with more than 60,000 sq. ft. Location: Very close proximity to Manhattan and easy access to Long Island, Westchester, Connecticut and New Jersey. Waterfront Development Potential offers out-of-the-box vision with versatile potential Current Marina Income: Current income from the marina is $239,200 with 80 boats, expandable to 120 boats with additional income of $120,000 . Buildable Possibilities: Strong possibilities to increase the buildable sq. footage according to proposals by mayor of the city. Magnificent water views looking at New York City skyline and bridges Presenting a dream project for a visionary developer.

Courtesy of Douglas Elliman Real Estate

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

City Island 1, New York
Type: Townhouse
Price: $9,000,000
Re Tax: $828,000
Web ID: 1075092441

Info & Amenities

Type: Townhouse
Built: 1950
Pets allowed: Yes

Map of Area for 521 City Island Avenue