Approved 77 lot subdivision - Frank Farm - Beautiful Views

Overlook Rd Poughkeepsie, NY 12603

FOR SALE
Property Type:
Commercial Land Development
Amount:
$2,500,000
Last Verified:
Mar 01, 2019

Highlights

  • Phase IV - 30 lots (site work estimate $1.2MM with work underway)
  • Phase V - 22 lots (site work estimate $1.3MM)
  • Phase VI - 26 lots (site work estimate $1MM)
  • Land $2.5MM + Site Work $3.5MM = $6MM for 77 finished lots or $78K/lot

Description

Approved 77 lot subdivision in a beautiful community with extensive green space and panoramic views. New homes on adjacent cul-de-sacs currently being built. Some infrastructure already in place. Water/Sewer/Gas. Join Toll Brothers ,LMD and other builders in this estate like community. The 77 lots are broken up into three phases:

Between Route 55 and Overlook Drive in the town of LaGrange. Very desirable Arlington School District. Estate like new homes community with views. Convenient to Taconic State Parkway, the City of Poughkeepsie and Route 9.

Lot Size: 97.0 acres

Map of Overlook Rd, Poughkeepsie, NY, 12603

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.