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83 Rochelle Street
About This Property
83 Rochelle Street on City Island presents an exceptionally rare opportunity to create a custom waterfront residence with private beach access, mooring rights, sweeping water views, and incredible sightlines toward Manhattan, the Throgs Neck Bridge, and the Whitestone Bridge.
Located in an R3A zoning district within the Special City Island District, the property offers potential for a detached one- or two-family residence, subject to all applicable NYC zoning, building, waterfront, environmental, and Special City Island District regulations.
Even more unique, the property is not located in a designated flood zone, adding another important advantage for a waterfront site. A separate parking lot is also available, offering additional space for vehicle parking, boat storage, or other permitted uses.
This is not simply a vacant lot. It is an opportunity to create a one-of-a-kind waterfront lifestyle. Design a custom home with expansive windows, terraces, outdoor entertaining space, and panoramic views across the water. Step outside to your private beach, enjoy direct waterfront access, and take advantage of valuable mooring rights for the ultimate City Island experience.
City Island offers a rare combination of coastal charm and New York City convenience, with marinas, restaurants, boating, waterfront recreation, and a distinctive neighborhood atmosphere just minutes from the rest of the Bronx and surrounding Westchester communities.
Waterfront buildable land with this combination of location, views, beach access, mooring rights, bridge views, and additional parking and boat storage potential is incredibly difficult to find within New York City.
Bring your architect, bring your vision, and build something truly special at 83 Rochelle Street.
All information, including zoning, buildability, flood-zone status, mooring rights, beach rights, permitted uses, lot dimensions, FAR, setbacks, environmental conditions, utilities, parking, boat storage, and potential improvements, is deemed reliable but not guaranteed. Buyer and buyer's representatives must independently verify all information and development potential with the appropriate NYC agencies and qualified professionals.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2026 | Listed by Damico Group Real Estate | $499,000 | |
| Listed by Damico Group Real Estate | |||
| Aug 14, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by Damico Group Real Estate | $250,000 | |
| Listed by Damico Group Real Estate | |||
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Waterfront land opportunity in City Island. 83 Rochelle Street is a rare vacant direct waterfront parcel offering the chance to build a truly special custom residence or explore other permitted possibilities in one of New York City’s most unique coastal communities.
This lot presents an exceptional opportunity for builders, investors, or end users seeking to expand the assemblage and create something remarkable with direct water frontage.
Zoning is reported as R3A. Based on the Special City Island zoning overlay, buyers should explore potential uses including single family, multi family, or other allowable residential configurations, subject to approvals and verification by licensed professionals.
This lot can be sold separately or as a package deal with 99, 101, and 103 Rochelle Street making for a unique development opportunity on City Island. Total asking price if purchased with all 4 will be $1,250,000.
Enjoy the charm of City Island with its waterfront setting, marinas, dining, and village style atmosphere, all while remaining within New York City.
A rare chance to secure waterfront land with strong upside potential.
All information is deemed reliable but not guaranteed. Buyers should independently verify lot dimensions, zoning, environmental conditions, permits, utility access, and development potential with their attorney, architect, engineer, and other professionals.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017