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Exceptional opportunity to acquire approximately 87 acres of residentially zoned land with over 1, 062 feet of frontage along Mongaup Road in the Hudson Valley. Large scale parcels with this combination of frontage, flexibility, and potential future upside are becoming increasingly difficult to find. The property presents a compelling opportunity for builders, developers, investors, agricultural users, recreational buyers, or those seeking a substantial private land holding. The parcel offers a strong layout for a variety of potential uses including residential construction, estate development, hobby farming, equestrian use, recreational trails, hunting land, orchards, timber operations, nurseries, and certain agricultural business opportunities permitted within the current zoning framework. For builders and development minded buyers, the acreage may support subdivision or cluster development possibilities, subject to municipal and planning board approvals. Preliminary conceptual analysis suggests the potential for approximately 35 to 40 residential lots, or potentially up to 43 homes utilizing a cluster development approach. Buyers should perform their own engineering, environmental, zoning, and municipal due diligence. Additional potential special permit uses may include a retreat center, summer camp, bed and breakfast, religious or community facility, or solar energy installation, subject to approvals. The property’s substantial road frontage, scale, and positioning create a rare opportunity to secure a meaningful tract of Hudson Valley land with both immediate usability and long term development potential. Conveniently located within reach of major commuter corridors while still offering the privacy, natural surroundings, and open space increasingly sought throughout the region. Opportunities of this size and flexibility are becoming increasingly limited in today’s market.
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Our Executive Mortgage Banker:
$469,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $375,920 | $375,920 | $375,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,315 | $2,407 | $3,147 |
| Total Monthly Payment | $2,390 | $2,482 | $3,222 |
* 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.