Property Description

Rare development and value add opportunity in City Island. This offering includes three properties to be sold as one package and will not be sold separately. Combined asking price for 103, 101, and 99 Rochelle Street is $999,000.103 Rochelle Street features a 3 bedroom, 2 bathroom single family home in need of renovation. 101 Rochelle Street is a 2 family property requiring significant cleanout and repairs. 99 Rochelle Street is a cottage also needing renovation. The three parcels combine for approximately 7,500 square feet with dimensions of 75 x 100, creating a rare assemblage opportunity in one of New York City's most unique waterfront communities.There is also an optional fourth parcel available for $250,000 located at 83 Rochelle Street, a direct waterfront lot offering the chance to create something truly special.Zoning is reported as R3A. Based on the Special City Island zoning overlay, FAR is reported at 50%, potentially allowing approximately 3,250 square feet of buildable foundation area across the three parcels if improved together. Attached multi family housing may be possible, offering strong upside potential and the opportunity to maximize returns.Ideal for investors, builders, or end users seeking a unique redevelopment opportunity in City Island.All information is deemed reliable but not guaranteed. Buyers should independently verify all zoning, use, dimensions, approvals, and development potential with their attorney, architect, and other professionals.

Property Features

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