290 Drake Ave - Marinas FOR SALE


New Rochelle, NY 10805- Residence Park
$10,000,000 USD
212-235-2764
290 Drake Ave, New Rochelle, NY for Sale
$10,000,000 USD
Marinas - FOR SALE
1/10
null | Request Cap Rate

290 Drake Ave
New Rochelle, NY 10805
Residence Park


HIGHLIGHTS

  • Located in Residence Park, a desirable waterfront neighborhood in New Rochelle with scenic views and upscale surroundings.
  • The property spans 0.43 acres and is currently classified as a marina facility, offering unique redevelopment potential.
  • Offers excellent accessibility—just 3 minutes to New Rochelle Metro-North Station and under 30 minutes to LaGuardia Airport.
  • Zoned for marine and waterfront-related uses, with potential for adaptive reuse or conversion to mixed-use development.
  • Surrounded by vibrant amenities including restaurants, banks, fitness centers, and retail shops within a short drive.
  • Located in a growing submarket with strong demographics—median household income of $81,962 and steady population growth projected through 2029.

OVERVIEW

The subject offering is for a 7-lot mixed use waterfront property located in New Rochelle, New York in Westchester County. The offering includes 4 single-family townhouses, an industrial building occupied by a marine repair shop, a commercial building with a restaurant, a parking lot with 250 spaces, and a full service 125 slip marina. The marina business can be included in the sale. Located near the intersection of Pelham Rd and Drake Ave, this property is only minutes away from restaurants, shops, markets, schools, Pelham Bay Park, Glen Island Park, Route 1, and I-95.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wright Island Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,521 SF

ZONING

570

APN/PARCEL ID

1000-000-002-00463-000-0001

ASK ABOUT THIS PROPERTY

Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.