Chappaqua, NY

FOR SALE: Downtown Chappaqua

This is a rare opportunity to invest in a nationally known, affluent Westchester County suburb. Chappaqua (town of New Castle), which is practically recession-proof, is one of the wealthiest suburbs of New York City and in the nation as a whole. Above all, this is an existing cash-flowing property with huge potential market upside.

chappaqua hamlet rezoning initiative

This Chappaqua development site is located in the heart of the downtown area. Further, the downtown area is currently being up-zoned.  Additionally, The Chappaqua Hamlet rezoning initiative may permit multi-story, mixed-use at a far higher density than currently allowed.  Under the current rezoning recommendations, nearby sites are designated for the first round of rezoning.  Zoning for the subject site is expected to be reviewed in the second round of the form-based code initiative.

recent infrastructure projects

In 2019, Chappaqua completed an $11M+/- infrastructure and streetscape transformation.  This included widening sidewalks and adding pedestrian plazas.  In addition, bike racks, benches and an information kiosk were added. The subject site benefits greatly from these improvements.

This Chappaqua development site is located near all downtown retailers.  Additionally, there is direct access to the Saw Mill River Parkway.  Further, the site is walking distance to the Chappaqua Metro-North train station.  There is a plethora of reputable restaurants in the area which also bring in visitors from all over Westchester.

site highlights

• Rare development site investment
• Beneficial rezoning project underway
• Existing cash-flowing property
• Great frontage and visibility
• Walk to Metro-North; Direct access to Saw Mill River Parkway
• Directly benefits from Chappaqua’s recent infrastructure project

For more information on this Chappaqua development site, contact Jonathan Gordon, President and CEO of Admiral Real Estate Services Corp.