139-145 St Rte 17M

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139-145 St Rte 17M

Monroe, NY 10926
Asking Price
$3.60M
Asset Type
Apartment Building Land
Class
Class B

AI Property Summary

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

  • The land is listed for sale at $3,600,000.
  • The site encompasses 3.88 acres of developable land.
  • The parcel is approved for apartment building development.
  • Located at 139-145 St Rte 17M in Monroe, NY.
  • The property is situated within the growing Hudson Valley region.

What's Special

Priced at $3,600,000, this 3.88-acre parcel of land in Monroe, New York, presents a development prospect for an apartment building project. Located at 139-145 St Rte 17M, the site benefits from its position within the Hudson Valley, a region defined by its proximity to the New York City metropolitan area and steady suburban growth. The property offers substantial acreage suited for residential density, aligning with the regional demand for multifamily housing in Monroe. Investors and developers can capitalize on this land to address local housing needs in a transit-accessible corridor. The site provides space for a mid-to-large-scale residential complex, leveraging the area's ongoing appeal to commuters and local families. This opportunity allows for the design and construction of apartment units within a well-established submarket, contributing to the regional housing inventory and potential long-term asset value.

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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.836
Annual Cash Flow
$-133,730.029

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