Other for sale in New York

17-unit lakefront multifamily situated on 4.36 acres with substantial excess land.R-3 Multifamily zoning supports expansion of 30 additional units (buyer to verify)Strong in-place cash flow with $216,064 NOI supports acquisition financing.As-is value estimated at $2.7M$3.0M based on current income.Development upside: 30 new units at $1,500/month generate $378,000 incremental NOI.Stabilized NOI of $594,000 supports $7.9M$8.5M total value at market caps.Flexible execution: hold for cash flow, phased development, or full build-out.Rare combination of income + lakefront development opportunity in Westchester County

Reference: 36112_FHD1446915

Key Features
9552 SqFt.
4.36 Acres
Built in 1904
Adult Community: No
Waterfront: Yes
Pool: No
View: No Ref: 36112-FHD1446915