Fosler Rd Wallkill, NY 12568
This exceptional investment opportunity presents a fully approved 15-unit apartment/condo complex project in the desirable Clintondale, NY area, situated on a secluded 18.8-acre parcel. The project is ready for immediate construction by the purchaser, eliminating lengthy permitting processes. Detailed architectural drawings, site plans, and all necessary permits are readily available for review. The approved plans encompass three buildings, each featuring two-story dwellings with a maximum square footage of 2,000 square feet per unit. This offering includes not only the 18.8 acres directly supporting the 15-unit development but also an additional 22+ acres (SBL # 102.1-7-12) adjacent to the property, presenting significant potential for future expansion or Phase II development. The total land area provides ample space and privacy for residents. The property is located on Fosler Road in Wallkill, NY, offering convenient access to local amenities and transportation routes. The asking price of $625,000 encompasses the land, approved plans, and permits, making this a turnkey opportunity for developers seeking a profitable venture in a thriving market. The total building square footage is 30,000 square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.