$3,700,000.00

345 Nichols St Lake Carmel, NY, 10512

Kent Manor 234 unit Multi Family Development “Site Fully Approved” $15,000 per unit An investment opportunity for a developer to construct multi family housing, for market rate fee ownership, or market rate rental units. The court order approval provides for a six year tax abatement, and prepaid recreation and building inspection fees. The development consistent of 468 one bedrooms units or 234 two bedrooms, can construct any combination for an increase in density. located on a beautiful site with extraordinary vistas in the Town of Kent, New York. Although located within the watershed of the City of New York, this Project will be served by a fully constructed wastewater treatment plant. The development has no restrictions required for age or affordability. The approval provides for a tax abatement, for a period of six years from the date of issuance of a certificate of occupancy, each homeowner will pay real estate taxes of approximately $100 per unit per year. All recreation and building inspections fees are prepaid. Located within 10 miles of Westchester County, unrestricted development site, 40 miles north of Times Square, close to the Brewster North Train Station, I 84

Details

Purpose : Sell
Status : Active
Price : $3,700,000.00
Property Type : Land
Property Sub-type : Residential
Address : 345 Nichols St Lake Carmel
City : Lake Carmel
State : New York
Zip Code : 10512
Country : USA
Lot Size : 113.00 AC
Zoning Description : PUD. Multi-Family
Proposed Use : Multifamily, Planned Unit Development
Sale Type : Investment
Sale Conditions : Ground Lease (Leased Fee)
Latitude : 41.4485942
Longitude : -73.67773849999998

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Kevin McGrath
Real Estate Broker/Owner