Prime 6. 93-Acre Development Opportunity in Monroe, NY – Orange County’s Largest Available Site Presenting a rare and exceptional opportunity to acquire a 6. 93-acre development parcel in the heart of Monroe, NY — the largest available site in the area. Zoned SR-20, this expansive property offers a wide range of permitted residential and community uses, making it ideal for developers seeking flexibility and long-term growth potential. Strategically located in Orange County, the site boasts immediate access to major highways (Route 17, I-87) and is just minutes from public transportation options, offering seamless connectivity to NYC and surrounding areas. The property is also in close proximity to the world-renowned Woodbury Common Premium Outlets, as well as an abundance of local retail, restaurants, parks, and recreational amenities — including scenic hiking trails and outdoor destinations. There are currently 3 buildings on site, all rented providing immediate cash flow. A 5 bedroom, 2 bathroom house; a 2 bedroom, 1 bathroom house, and a small warehouse. With demand for well-located residential and mixed-use development continuing to grow in the Hudson Valley, this site offers an unmatched combination of scale, access, and zoning flexibility. Highlights: • Size: 6. 93 acres (largest available development site in the area) • Zoning: SR-20 – allows for a diverse array of residential and community-oriented uses • Location: Minutes to Woodbury Common Premium Outlets, major retailers, dining, and nature trails • Access: Excellent highway connectivity and nearby public transportation • Growth Market: Situated in one of Orange County’s most dynamic and expanding corridors This is a premier opportunity for developers, institutions, or community organizations to bring a transformative project to one of the Hudson Valley’s most desirable locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,299,000
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 |
|
|---|---|---|---|
| Loan Amount | $1,839,200 | $1,839,200 | $1,839,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,667 | $1,667 | $1,667 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,014 | $10,880 | $15,150 |
| Total Monthly Payment | $11,806 | $12,672 | $16,942 |
* 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.