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345 NICHOLS STREET - LAKE CARMEL, TOWN OF KENT, NY 345 Nichols St, Carmel Hamlet, NY, USA
Property Overview
Price/Rent PSF $ 4,200,000.00
Asset Type Land
Trade Type Sale
Acres Available 113.00
Date Available 06/05/2018
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Description

Kent Manor Development represents an unsurpassed investment opportunity for the purchaser/developer of multi-family units, the development can be marketed as rental units, or fee ownership condominiums

It consists of 234 homes, or 468 bedrooms of one, two and three bedroom units

The site is located on a beautiful parcel with extraordinary vistas in the Town of Kent, New York

Kent Manor will be served by a fully constructed sewer plant

Kent Manor has no affordable unit requirement, nor is it age restricted as is virtually every other project in the surrounding area

The court order approval provides for a six year tax abatement, prepaid recreation and building inspection fees

The approval provides for a tax abatement, for a period of six years from the date of issuance of a certificate of occupancy, each homeowner will pay real estate taxes of approximately $100 per unit per year

All recreation and building inspections fees are prepaid

The road infrastructure shall be constructed to 1990 standard, eliminating the need for belgium block

Location

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