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An exceptional development opportunity awaits with this expansive 21-acre vacant parcel, ideally situated in the highly desirable community of Cold Spring Harbor, within the Town of Huntington, NY. The property spans approximately 916, 197 sq. ft. and offers convenient access via Crosby Place, Brandy Road, and Pegs Lane. It features dual zoning: approximately 32% (293, 183 sq. ft. ) is located in the R-80 Residence District (2-acre lot size) of Cold Spring Harbor, and approximately 68% (623, 014 sq. ft. ) is within the R-20 Residence District (20, 000 sq. ft. lot size) of Huntington. Please refer to the photos for a better understanding of the property’s layout. Estimated Lot Yield: Total potential of 16 lots: 3 lots meeting R-80 zoning standards (2-acre lots) in Cold Spring Harbor 13 lots meeting R-20 zoning standards (20, 000 sq. ft. lots) in Huntington All 16 lots fall within the Cold Spring Harbor School District. Buyers are responsible for verifying this information with a local architect. This rare and versatile property offers substantial potential for residential development in a prime Long Island location. Please contact the listing agent directly for additional details. The price is negotiable. Note: Please do not call the company’s main phone number, as there is no one available to respond. Please, contact the listing agent directly for showing. The estimated lot yield is approximate and not guaranteed. Buyers should independently verify all information.
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$11,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $8,800,000 | $8,800,000 | $8,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $47,915 | $52,760 | $73,076 |
| Total Monthly Payment | $48,040 | $52,885 | $73,201 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.