1187 Lakes Road

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1187 Lakes Road

Monroe, NY 10950
Asking Price
$249K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning five acres in Monroe
  • Priced at two hundred forty-nine thousand dollars
  • Situated at the address of 1187 Lakes Road
  • Located within the suburban landscape of New York
  • Suitable for residential development or private estate use

What's Special

Monroe serves as a growing suburban market within the Hudson Valley, characterized by its mix of residential communities and proximity to major regional transit corridors. This 5-acre parcel of residential land at 1187 Lakes Road provides a significant footprint for development in Orange County. The site offers potential for a private residential estate or a small-scale development project, benefiting from the region's steady demand for housing. Its location allows for convenient access to local amenities while maintaining the privacy associated with larger land tracts in the area. Investors and developers will recognize the utility of this acreage in a landscape that balances suburban accessibility with a quieter, more expansive setting. Whether designated for a single-family residence or potential subdivision, the property provides the necessary scale for various residential site plans.

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NOI
$80,000
Cap Rate
32.13%
DSCR
5.41
Strong
Cash-on-Cash
87.31%
Monthly Payment
$1,231.916
Annual Cash Flow
$65,217.006

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