The subject property is an enormous lot totaling 200 Acres!! Plans for the land to be subdivided into 55 smaller lots have been proposed and accepted by the NYS-DEC.
According to the zoning, a single family or semi-attached home can be built on each lot.
The property boasts unbelievable potential to build 85 Spacious Dream Homes with a minimum of 2,500 Sf. each.
An abundance of money has been invested in the past to get the necessary documentation and approvals. With the back breaking work at its final stages the incoming buyer can take advantage of the reliable contacts the owner is willing to share and speed the process up to its completion.
The Total Revenue Assessed for the subject project is a lucrative $58M. With Construction Costs Estimated at $33M the payoff is an Astonishing $21,000,000!!
The Development Project is located next to the Booming Royal Ledges Apartments.
The property is 80 miles north from Manhattan. The area is surrounding with countless major attractions like, the Roosevelt National Historic site, The Vanderbilt Mansion, The Culinary Institute of America, The Bardavon 1869 Opera House.
The area benefits from an Extensive Network of Parks and recreation centers with facilities for Boating, Walking Trail, Fishing, & Golfing.