McGrath Realty is pleased to present the opportunity to acquire a fully approved 188-unit multifamily development site located on Nelson Avenue and Channingville Road in the Village of Wappingers Falls, New York. The 13.42-acre property is approved for 176 apartments and 12 townhomes, totaling approximately 219,591 SF across six residential buildings, together with a centrally located clubhouse, resident amenities, surface parking and landscaped open space.The offering includes the approved site and development plans, architectural floor plans, elevations and renderings. Final construction documents, including MEP plans, remain to be completed by the purchaser. SEQR has been completed, municipal water is contemplated as part of the approved development, and final sewer service confirmation is pending issuance of a will-serve letter from the Village.The property is strategically positioned in southern Dutchess County near Route 9, Route 9D and I-84, with the New Hamburg Metro-North station approximately three miles from the site and Beacon, Fishkill and Poughkeepsie all within approximately eight miles. With major entitlement work completed and a defined 188-unit development program in place, the property offers a compelling opportunity to advance a large-scale multifamily project in a growing Hudson Valley market.
Estimated Payment
$ 37,786.74 per month $34,890.15 Principal & Interest $884.08 Property Tax $2,012.50 Homeowner's InsuranceListing By
Agency Name: McGrath Realty Inc
Agency Contact: 845-896-5444
Shown By
Agent Name: Jagjit Singh
Agent Phone: (516) 315-1940
Agency Title: Coldwell Banker American Homes
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Nelson Avenue | MLS# 1070494
This land located at Nelson Avenue , Wappingers Falls, NY 12590 is currently listed for sale with an asking price of $6,900,000. The property has approximately 13.42 Acres. Nelson Avenue is located within the Wappingers school district. Search Wappingers Falls real estate on www.jagjithomes.com today.