MAY CONSIDER JOINT VENTURE AND SELLER FINANCING. RARE INVESTMENT OPPORTUNITY WITH TWO OF DEEPEST CANAL-FRONT LOTS ON THE ISLAND. Up to 282 feet deep. 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). Possibility to build three large units if two parcels are combined (subject to town approval). Listed price is below recent appraisal of $1.47million for both parcels. Three minute walk to the beach and 5-10 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, large pool and a large backyard for large social event or business retreat has been designed for each lot.