Approved Townhome Project For
Henri Pl, Monticello, NY 12701
187-unit townhome complex with 8 units completed and generating income.
Type:Multifamily
Property size:
1,090 SFPrice / SF:
$6,421/SF- Added:
- May 28, 2024
- Days on Market:
- 736
- Last Refresh:
- May 12 at 8:39 pm
Property Features for Henri Pl
General Information
- Standard status
- Active
- Size
- 1,090 SF
- Property subtype
- Multifamily
Listing agent Chris Scibelli License #NY 10491200206
Listing office KW Commercial - First in New York
Listing date May 28, 2024
Source Crexi
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
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.
- Designed as a high‑end/luxury market rate rental project with the option to convert to individually owned townhomes.
- Three‑level townhome layouts with garages, metro design, functional flow, utility, and natural light.
- Located in a rapidly growing region with scenic Catskills views, offering a lucrative opportunity to provide much‑needed housing.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Monticello
- County
- Sullivan
- State
- New York
- Longitude
- -74.7299
- Latitude
- 41.6445
Nearby Similar for Sale
FAQs
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 $6,999,000.
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.
