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For SaleLuxury

$6,999,900

875 days on market

530 W Broadway

Monticello, NY 12701

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

2023

Built

Listing narrative

Description

UNIQUE OPPORTUNITY IN PRIME LOCATION! Offered for the very first time - one of the Hudson Valley’s largest fully approved, shovel-ready projects! This 187-unit townhome complex has 8 units completed, leased and generating income, with 179 ready to build. This project is currently designed and being marketed as a high-end/luxury market rate rental project and can be converted to individually owned townhomes if desired. The current unit layouts offer 3 levels of living, with garages and a metro design concept with functional flow, utility and natural light. Most of the infrastructure is already in place, from drainage ponds to underground utilities. Road cuts and clearing complete; building permits can be pulled immediately. A lucrative opportunity to provide much needed housing relief in a rapidly growing region. Located just off Highway 17/86 and just minutes to Bethel Woods, Resorts World, and a renaissance in downtown Monticello. Scenic views of the Catskills abound. Get in at ground level! Don’t wait!

Listing agent (MLS): Melinda White · Listing brokerage (MLS): Keller Williams Realty

Property Details

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Price

$6,999,900

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

15.12 acres

Year

2023

Neighborhood

Monticello Crescent Luxury To

Status

For Sale

Days on Market

875

· 8% down, 7% APR, 30yr fixed
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Courtesy of Keller Williams Realty