CITY ISLAND - Rat Island, a small island off the coast of City Island, was sold at an auction over the weekend for $160,000.

Alex Schibli bought Rat Island from Edmund Brennan, and the buyer and seller say they're both excited about the auction.

The two-and-a-half acre island is known as Rat Island because it was once the halfway point where escaped prisoners, or "rats," would rest after escaping the prison located on Hart Island. The island was also once used as storage space for the Heavy Marine Equipment Company.