Rare opportunity to own this unusually deep, 260 ft long lot including the canal. Located at the desirable north end of the island for huge rental potential. It is just a few minutes' walk to the beach and downtown Times Square. Plans are available for a 5500 sqft 10 bed 10 bath pool home with elevator. The huge space is ideal for large party events such as multifamily gatherings, corporate retreats, and wedding/anniversary celebrations. The adjacent lot 168 Chapel is also for sale on a separate MLS listing. May consider joint venture.