RARE INVESTMENT OPPORTUNITY WITH ONE OF DEEPEST CANAL-FRONT LOTS ON THE ISLAND. 50 x 260 x 50 x 242 feet, previously combined from two lots. Ideal for building large vacation rental home. Located in the highly sought north end of the island in the weekly rental district. Zoning for both single and multi family use (Residential Multifamily -10). Three minute walk to the Beach and five minutes to downtown Times Square. This unique location is adjacent to a green nature preserve. A 10 bedroom, 5500 sf single family floor Plan with an elevator and large pool has been designed for this unique lot. Adjacent lot 168 Chapel Street is also listed for sale
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Listing Office: Mobley Realty Group