Approved Townhome Project For
For Sale
Contact for pricing
Henri Pl, Monticello, NY 12701
187-unit townhome complex with 8 units completed and generating income.
Property Size1,090 SF
Price / SF$6,422
Days on Market827
Property Features for Henri Pl
General Information
Standard status
Active
Size
1,090 SF
Class
A
Property subtype
Multifamily
Zoning
Residence-RM
Investment Type
Institutional
Building Details
Buildings
24
Stories
3
Units
142
Listing Agency:
KW Commercial - First in New York
(845) 494-3749
Listed By:
Chris Scibelli · License #NY 10491200206
Source:
Crexi
Added: May 28, 2024
Changed: Aug 16
Last Checked: Aug 31 at 6:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial - First in New York
Investment Insights
Based on property information with market context.
This is a unique opportunity to acquire one of the Hudson Valley’s largest fully approved, shovel-ready projects. The property features a 187-unit townhome complex, with 8 units already completed, leased, and generating income. An additional 179 units are ready to build. The project is designed and marketed as a high-end luxury market rate rental project but can be converted to individually owned townhomes. The current unit layouts offer 3 levels of living, with garages and a metro design concept emphasizing functional flow, utility, and natural light. Most of the infrastructure is already in place, including drainage ponds and underground utilities. Road cuts and clearing are complete, and building permits can be pulled immediately. This project is located just off Highway 17/86 and minutes from Bethel Woods, Resorts World, and downtown Monticello. The location offers scenic views of the Catskills. The property size is 1090 square feet. This project presents an opportunity to provide housing in a rapidly growing region.
Key Highlights
- Shovel‑ready 187‑unit townhome complex with full approvals and infrastructure in place, allowing for immediate building permit acquisition.
- Eight completed and leased units are already generating income.
- Prime location near Highway 17/86, Bethel Woods, Resorts World, and downtown Monticello.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 187-unit townhome complex with 8 units completed and generating income.
Where is this apartment building located?
The property is located at Henri Pl Monticello, NY.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Shovel‑ready 187‑unit townhome complex with full approvals and infrastructure in place, allowing for immediate building permit acquisition.; Eight completed and leased units are already generating income.; Prime location near Highway 17/86, Bethel Woods, Resorts World, and downtown Monticello.
