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360 Rock Cut Road

Newburgh, NY 12550
  • $199,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: H6271163
UPDATED: 66 min ago
$199,000
  • 0
    BEDS
  • 11.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
School District:

Description

When opportunity comes knocking, the wise answer while the skeptics waver. This is your opportunity, 11.5 acres of land lakefront property. Orange Lake in Newburgh is a popular spot that is teeming with activity during the summer, motorboating, kayaking, and fishing just to name a few. And to some, there is also ice fishing in the winter. Residents who reside at the lakeside come together as a community and enjoy cozy dining at the Restaurant on the Lake. This parcel of 11.5 acres is zoned R1 and has the makeup of 7 acres of wetland which is protected and can be used solely for the boardwalk, and then another 4.5 acres of dry land which is buildable in either 1 full house claiming 3600 square feet which will equate to a cap rate 42% and Cash rate 62% or a duplex allowing for 2400 square feet of per unit which will equate to a cap rate 53% and Cash rate 94%. Renderings are available for each option upon request. Approvals have been obtained from the following, Dept of Transportation and Dept of Health. Investor's potential boon: since this parcel is zoned R1 which allows for, building 1 house to an acre, there is an excellent opportunity for a builder to hire the right architect who can come up with a subdivision layout and go for approval to build 4 houses on 1 acre each. This property is expected to go quickly submit your offer while this property lasts

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© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2023-12-07T13:19:37.46.
www.remaxedgenyc.com/homes/144229836
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360 Rock Cut Road Newburgh, NY 12550

  • Price: $199,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 66 min ago
  • MLS #: H6271163
0
Beds
0
Baths
0
½ Baths
11.5
Acres
Neighborhood:
Newburgh
County:
Orange
Area:
Newburgh
Elementary School:
Call Listing Agent
Middle School:
Call Listing Agent
High School:
Wallkill Senior High School
School District:
Wallkill
Property Description
When opportunity comes knocking, the wise answer while the skeptics waver. This is your opportunity, 11.5 acres of land lakefront property. Orange Lake in Newburgh is a popular spot that is teeming with activity during the summer, motorboating, kayaking, and fishing just to name a few. And to some, there is also ice fishing in the winter. Residents who reside at the lakeside come together as a community and enjoy cozy dining at the Restaurant on the Lake. This parcel of 11.5 acres is zoned R1 and has the makeup of 7 acres of wetland which is protected and can be used solely for the boardwalk, and then another 4.5 acres of dry land which is buildable in either 1 full house claiming 3600 square feet which will equate to a cap rate 42% and Cash rate 62% or a duplex allowing for 2400 square feet of per unit which will equate to a cap rate 53% and Cash rate 94%. Renderings are available for each option upon request. Approvals have been obtained from the following, Dept of Transportation and Dept of Health. Investor's potential boon: since this parcel is zoned R1 which allows for, building 1 house to an acre, there is an excellent opportunity for a builder to hire the right architect who can come up with a subdivision layout and go for approval to build 4 houses on 1 acre each. This property is expected to go quickly submit your offer while this property lasts
Property Features

MLSArea Minor 99 Property Sub Type Unimproved Land Senior Community YN No Sewer Septic Tank Tax Annual Amount 1834 Tax Annual Amount1 1834 Water Source Well Zoning Description Other

Listing courtesy of Asher Berkovic of Exit Realty Venture: 845-999-3948
© 2023 OneKey MLS. All rights reserved.


© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2023-12-07T13:19:37.46.
 
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