Description
Great Location!!! CLEARED LOTS! 8,2 acres Town of Newburgh, Marlboro Schools!! BUILDER SPECIAL!! 8.2 Acres for up to 5 lots (R-3) Residential Lots (See PLANS in images). TWO SEPARATE FRONTS/ ENTRANCES on both sides . ***SECOND IMAGE SHOWN ARE PLANS FOR POSSIBLE 55+ NURSING HOME (4 BUILDINGS, 15 UNITS PER BUILDING)***. According to previous listing buyers interested in building a home on a large lot can build a one or two story home(s) on the land
This one is the best area in Newburgh NY This is 1. 5 hours by train to Pen station . By building codes we can make 10 townhouses by acre this this 82 townhouses. We proposal to build 60-70 townhouses about 2000 sq feet also we want to build about 4000 SQ feet club house and open swimming pool.
Zillow predicts the home values in 12550 will increase 8% in the next year.
- Elementary:MarNew construction is a tale of two buyers: millennials (25-39), who are aging into the housing market, and baby boomers (55-75), who tend to be retired, repeat buyers. Younger buyers are more likely to be facing life-changing events that require uprooting to new homes, while older buyers take more time to search for or build homes that suit their particular tastes.lboro
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More Americans are working from home
The hassles and cost of commuting in increasingly congested metro areas, together with the expansion of the gig economy and the availability of high-speed internet, may explain why more Americans than ever are working from home.
About half (51%) of new construction buyers with paid jobs work remotely at least part of the time. And half of those workers say that working from home played a role in their decision to either switch homes, relocate or renovate.
Millennial buyers of newly built homes are more likely than other generations to work from home: 44% say they work from home from one to four days a week, and 16% work from home at least five days a week.
- Middle:Marlboro Middle School
- High:Marlboro High School
- District:Marlboro
Land cost 129000$
one townhouse 2000 sq feet include land, architectural plans,engineering ,infrastructural , permits lowers and clubhouse coast to build about 200000$
60 townhouses coast 12 million dollar
investment needed
cash 20% -2.4 Million dollar
Bank loan 80%-9.6 Million Dollars
Also we can build partial
Sale price minimum in this area for high end townhouses 325 000$
profit and lose
project coast 1200000$
sale price 19500000$
bank fee 1500000$
realtors fee 1200000$
profit 4.8 million$
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