Executive Summary – Ansonia Lodge 1860 E Main Street, Mohegan Lake, NY 17-unit lakefront multifamily situated on approx. 4.6 acres with substantial excess land R-3 Multifamily zoning supports expansion of ~30 additional units (buyer to verify) Strong in-place cash flow with $216,064 NOI supports acquisition financing As-is value estimated at $2.7M–$3.0M based on current income Development upside: 30 new units at ~$1,500/month generate $378,000 incremental NOI Stabilized NOI of ~$594,000 supports $7.9M–$8.5M total value at market caps Flexible execution: hold for cash flow, phased development, or full build-out Rare combination of income + lakefront development opportunity in Westchester County