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800+ ACRES | 60-ACRE PRIVATE LAKE | 90 MILES TO NYC Strategic Development Opportunity: 12-Parcel Assemblage in Eldred, NY for Investment groups and commercial developers. Rarely does an opportunity of this magnitude present itself within two hours of Manhattan. Spanning over 800 pristine acres in the Town of Eldred, this extraordinary 12-parcel assemblage offers a canvas of unparalleled scale and beauty, anchored by a breathtaking 60-acre private lake and surrounded by stone walls, rolling pastures, and lush woods. Positioned in a high-growth corridor of the Catskills, this site offers immense potential for investment groups and commercial developers to shape the future of the region. Within the favorable R-2 zoning framework the property has potential for many uses that could include a premier luxury residential enclave, a world-class hospitality destination, or a private legacy estate. The land transitions seamlessly from level, sun-drenched fields to dramatic sloping trails, supported by existing interior roadways that provide immediate access to its diverse topography. With natural assets including extensive timber and tax-saving 480a Forestry Program enrollment, the property is strategically located near elite attractions like the Chatwal Lodge, Eldred Preserve, and Bethel Woods Center for the Arts. This rare, contiguous land tract is offering a sophisticated buyer a clean slate to execute a visionary project in a market experiencing demand. Various permitted uses and many subject to approval. The zoning map and table are in the documents section. Acreage Consists of multiple contiguous SBLs, see Docs for List. Acreage and tax amounts are deemed to be accurate but should be independently verified.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,290,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $3,432,000 | $3,432,000 | $3,432,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,952 | $20,577 | $28,500 |
| Total Monthly Payment | $19,077 | $20,702 | $28,625 |
* 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.