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Prime Residential Development Opportunity
1-11 Waterview Lane
$850,000 REDUCED TO $695,000
Property Type: Residential
Location: Brewster, NY
Neighborhood: New York
Sub-District: Putnam County
Number of Units: N/A
Square Footage: 160,000

1-11 Waterview Lane, is located on the East side of Route 22 below the Diverting Reservoir. The site is a 4-lot residential subdivision on Waterview Lane, the estate area of Brewster, less than 1 mile north of the Westchester-Putnam border and less than 5 minutes from the Metro North commuter train in Croton Falls, NY. This parcel is sited on a wooded hill bordered by Route 22 on the west and Allview Avenue on the east with seasonal reservoir views. Tree stock consists of hardwoods with the possibility to log the land to reduce the cost of clearing the building sites. The subdivision has received BOHA approval from the Town of Southeast Planning and Building Departments for 4 large lots designed to accommodate luxury homes. Most homes in the area are on 1-3 acre lots so redesign of the subdivision may be possible to achieve a greater number of residences. Building permits will require site work to the Town's specifications (see below).

This site is situated on hilly terrain and there are several reservoirs nearby at lower elevations. Extensive engineering design has been done on this site to keep wastewater from residences from contaminating the reservoirs. Site work needed to apply for building permits will cost about $365,000 for the 4 lots to cut through rock in order to create roads and level building sites as well as the work to manage the water run-off to the Town's specifications. The cost estimate was done by In-Site Engineering in Carmel, NY and detailed engineering drawings and assumptions used to estimate the cost of work are available upon request. 

An additional 12 acres is available on the Route 22 side on similar terms if a buyer is interested in expanding the subdivision.
Listing Contact Info
Director
646.658.7325
Senior Financial Analyst
646.658.7340
Location
Photos