OOC - OTHER NY - ID: 20184029
On the Market
Ulster:20184029_1
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  • Price: $1,500,000
  • Sq. Feet: 0
  • Garage: None
  • Acreage: 28.46
  • Year Built: 1950
  • School District: Arlington
  • CONTACT
    Vetere Real Estate
    (845) 338-0571
    kvetere@vetererealestate.com
Property Type: Multi-Unit

Description: DEVELOPMENT OPPORTUNITY!! All four current lots listed below are included in this listing. Taxes and Assessment is as per Realist and include all four lots. SBL 6-462, 3, 410; 6-462, 3, 411; 6-462, 3, 412; 6-462, 3, 354. A 10, 000 square foot building in park like setting on bucolic road with 3 existing building lots. 4-6 units can be developed in the 10, 000 square foot building PLUS 3-5 building lots can be built on and sold. SEE OPTIONS IN ATTACHED DOCS! A preliminary analysis attached shows 4 options for improving the property as follows: 1. Option #1 = the three existing building lots are converted to 4 conforming building lots AND 1- 11.02 acre lot with 10, 000 square foot building with 4 - 2 BR units (which can be expanded and reconfigured) - engineering and processing cost to approve $35, 650. 2. Option #2 = the three existing building lots are reduced in size to conforming building lots AND 1 - 16.529 acre lot with a 10, 000 square foot building which can have 6 new units (bedroom number determined by Board of Health filings) - engineering and processing cost to approve - $35, 950. 3. Option #3 = The three existing building lots are converted to 4 conforming building lots AND 1-16.529 acre lot with 10, 000 square foot building with 6 units (bedroom number determined by Board of Health filings) engineering and processing cost to approve - $43, 550. 4. Option #4 = The three existing building lots are converted to 5 new conforming building lots AND 1-11.02 acre lots with 10, 000 square foot building with 4 - 2BR units (which can be expanded and reconfigured) engineering processing cost to approve - $44, 050.
Property currently occupied by owner and handyman. To be delivered vacant. Mike White - report attached - and Agent attended meeting at La Grange Town hall and were encouraged to make formal application for any of the 4 options proposed since they appeared to be in compliance with zoning rules and regulations. Buyers must satisfy themselves on each and every aspect of this process AND verify all data. PROPERTY BEING SOLD AS/IS.


FEATURES:
NUMBER OF UNITS: 7
ZONE: Rld
LOT DIMENSIONS: 28.5 Acres
SURVEY: Yes

Listing courtesy of: Lawrence O'Toole Realty, Lawrence O'Toole Realty / Listing Agents: Robert Stang, Jonathan Hubschman
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