Depot Hill Rd, Poughquag, NY, 12570

Depot Hill Rd Poughquag, NY 12570

FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,200,000
Last Verified:
Mar 01, 2019


Description

357 undeveloped acres located in the Town of Beekman, Dutchess County, New York. Borders the Appalachian Trail and the Depot Hill State Forest. Beautiful views and serene surroundings; the property is ideal for hiking, a country retreat or a hunting club. The land is currently enrolled with the New York State Department of Environmental Conservation 480-A Forestry Program. Meaning a portion of the land will be forested approximately every five years by a third-party forester - practicing sustainable forestry practices (i.e. no clear cutting) - resulting in a huge property tax savings, all while encouraging safe new and old growth of the forest. The current land taxes on this property are approximately $14,000 a year. By participating in this program, it results in an annual savings of $43,703 per year!

Large parcel of land, a short trip from New York City, Millbrook, Southeast, Union Vale, Brewster, Pawling, I-84/684.

Lot Size: 357.0 acres

Map of Depot Hill Rd, Poughquag, NY, 12570

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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.