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A Rare, High-Upside Development Opportunity: Unlock the Full Potential of 18 Dorland Avenue. is unequivocally one of the most compelling redevelopment parcels to hit the Dutchess County market in years. This 1. 65-acre site, strategically zoned Residential Multi-Family (RM), offers a unique blend of scale, flexibility, and location that is virtually unmatched in the current market. Whether you are a seasoned developer, institutional investor, or visionary owner-user, this property is engineered for value creation and rapid appreciation in a region where demand for quality housing and specialized facilities continues to outpace supply. Property Overview: Lot Size: 1. 65 acres (approx. 70, 567 sq. ft. ) Zoning: Residential Multi-Family (RM) Permitted Yield: Up to 10 units by right; potential for more with variance Building Height: Up to 40–45 feet Sewer Access: Available from Durocher Terrace and Dorland Avenue School District: Arlington Central Existing Structure: Condemned 3-bed, 2-bath home with indoor pool (not accessible) Other Permitted Uses: Family day care, hospitals, nursing homes, alternate care housing, public utility structures Utilities: Public water, electric, trash collection available Taxes (2025): $5, 925 Highlights: Prime infill location in a high-demand, supply-constrained corridor Flexible RM zoning supports multifamily, healthcare, and institutional uses Level, easily buildable site with dual sewer access—minimizing infrastructure costs Immediate access to major retail, transit, and employment centers Strong demographic and rental fundamentals in Dutchess County’s most resilient submarket. Zoning & Permitted Uses: Residential Multi-Family (RM) District The RM zoning designation at 18 Dorland Avenue is a developer’s dream, offering both density and flexibility. By right, the parcel supports the construction of up to 10 residential units, with a maximum building height of approximately 40–45 feet—ideal for a boutique apartment building, townhome cluster, or stacked flats. Permitted Uses Include: Multifamily dwellings (up to 10 units; potential for more with variance) Family day care homes (subject to §210-65) Hospitals, nursing homes, and alternate care housing (subject to §210-91) Public utility structures (subject to §210-96) Key Zoning Advantages: Density: 10 units on 1. 65 acres equates to ~6 units/acre—well-suited for mid-density multifamily or specialized residential Height: 40–45 feet allows for three to four stories, maximizing rentable square footage and design flexibility Alternative Uses: Healthcare, day care, and utility infrastructure permitted, expanding the buyer pool and exit strategies Variance Potential: Developers seeking higher density may pursue a variance for up to 20 or even 30 units, subject to municipal approval and parking requirements. Recent precedent in the area suggests that well-conceived projects with strong community benefit have a favorable path through the entitlement process.
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$699,975
William Raveis Real Estate
Phone: 888.699.8876
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Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $559,980 | $559,980 | $559,980 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $494 | $494 | $494 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,224 | $3,586 | $4,650 |
| Total Monthly Payment | $3,810 | $4,172 | $5,236 |
* 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.