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    56 Roa Hook Rd Cortlandt, NY 10567

    Sponsored
    For Sale
    $4,000,000

    Prime 1.84-Acre Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.84-acre mixed-use property, located at 56 Roa Hook Rd in Cortlandt, NY, presents a compelling investment opportunity. Priced at $4,000,000, this offering encompasses two commercial lots zoned for multifamily development, specifically apartment buildings. The property's strategic location within Westchester County, zip code 10567, places it within a vibrant community undergoing revitalization efforts. The Town of Cortlandt is actively encouraging the transformation of the Annsville hamlet waterfront area, aiming to create a more pedestrian-friendly environment that celebrates the area's natural beauty and cultural heritage. This initiative presents a unique chance to contribute to this positive change while capitalizing on the potential for significant returns. The property's mixed-use designation allows for diverse development options, catering to a range of commercial and residential needs. The substantial acreage provides ample space for a substantial project, aligning perfectly with the town's vision for a revitalized Annsville hamlet. This is an unparalleled chance to acquire a significant parcel in a rapidly developing area with strong potential for long-term growth and profitability. The property's latitude and longitude coordinates are 41.302698 and -73.9318718 respectively. This prime location offers easy access to major transportation routes and amenities, further enhancing its appeal to both developers and future residents.

    Property Features for 56 Roa Hook Rd

    General Information

    Property type
    Multifamily properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortlandt
    County
    Westchester
    State
    New York
    Longitude
    -73.9318718
    Latitude
    41.302698

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    FAQs

    What type of property is this?
    Multifamily property - Prime 1.84-Acre Development Opportunity
    Where is this multifamily property located?
    The property is located at 56 Roa Hook Rd Cortlandt, NY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    Request Owner's contact information
    56 Roa Hook Rd Cortlandt, NY 10567
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    Cortlandt, NY 10567
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    56 Roa Hook Rd Cortlandt, NY 10567
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