Property profile

0 Sackett Lake Rd Forestburgh, NY 12701

OFF-MARKET
Land
325 ac lot
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Property summary

AI-generated overview

Exceptional 325-acre development opportunity in Sullivan County, New York, situated on Sackett Lake Road, Monticello, NY 12701. This expansive property boasts stunning waterfront views and presents a unique chance to create a significant residential, recreational, or hospitality venture. The land is zoned SR (Suburban/Residential) and offers significant potential. A portion of the property, encompassing the north shore of Sackett Lake, has existing access to town infrastructure and sewer, allowing for the development of up to 69 homes as-of-right (per conceptual map). The remaining acreage can be subdivided into lots utilizing septic systems, or further density may be pursued through appropriate applications. This remarkable site represents a generational investment opportunity in the picturesque Catskill region, previously home to the Laurels Hotel and Country Club. Buyers are responsible for conducting their own due diligence. Note: Potential for development may be enhanced by combining this property with MLS 6325195.

Property profile

Verified
Property type Land
Lot 325 ac (14,157,000 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Sackett Lake Rd Forestburgh, NY 12701
Forestburgh metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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