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$8,850,000
List Price: $9,000,000
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521 City Island Avenue
Townhouse in City Island •  building info
studio
Buy with Yoreevo

$8,850,000

List Price

$9,000,000

photo of agent
James McGrath
(212) 365-0151 • 
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Key Details
Days on market
25
Last price change
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Estimated payment
$121,536
Taxes
$69,000
Monthly maintenance
N/A
Description
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 potentialCurrent 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.

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History
What it'll cost
Purchase price
$9,000,000
Asking Price: $9,000,000
Term
30 Years
Down Payment
$900,000 (10%)
Min: 10% (900,000)
Rate
6.75 %
Mortgage Amount
$8,100,000
Mortgage Payment
$52,536
Taxes
$69,000
Estimated Yoreevo rebate
$150,000
Estimated closing cost
$401,000
Total monthly cost $121,536
Buy your dream home with us and get an estimated
$150,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Douglas Elliman

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