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1860 E Main St - Ansonia Lodge 4.36 Acres of Residential Land Offered at $2,950,000 in Mohegan Lake, NY 10547
Investment Highlights
- Lakefront parcel zoned for mult-family redevelopment
Executive Summary
Executive Summary – Ansonia Lodge
1860 E Main Street, Mohegan Lake, NY
17-unit lakefront multifamily situated on approx. 4.6 acres with substantial excess land
R-3 Multifamily zoning supports expansion of ~30 additional units (buyer to verify)
Strong in-place cash flow with $216,064 NOI supports acquisition financing
As-is value estimated at $2.7M–$3.0M based on current income
Development upside: 30 new units at ~$1,500/month generate $378,000 incremental NOI
Stabilized NOI of ~$594,000 supports $7.9M–$8.5M total value at market caps
Flexible execution: hold for cash flow, phased development, or full build-out
Rare combination of income + lakefront development opportunity in Westchester County
1860 E Main Street, Mohegan Lake, NY
17-unit lakefront multifamily situated on approx. 4.6 acres with substantial excess land
R-3 Multifamily zoning supports expansion of ~30 additional units (buyer to verify)
Strong in-place cash flow with $216,064 NOI supports acquisition financing
As-is value estimated at $2.7M–$3.0M based on current income
Development upside: 30 new units at ~$1,500/month generate $378,000 incremental NOI
Stabilized NOI of ~$594,000 supports $7.9M–$8.5M total value at market caps
Flexible execution: hold for cash flow, phased development, or full build-out
Rare combination of income + lakefront development opportunity in Westchester County
Property Facts
1 Lot Available
Lot
| Price | $2,950,000 | Lot Size | 4.36 AC |
| Price Per AC | $676,605.50 |
| Price | $2,950,000 |
| Price Per AC | $676,605.50 |
| Lot Size | 4.36 AC |
17-unit lakefront multifamily on 4.6 acres with major expansion potential R-3 zoning allows ~30 additional units (buyer to verify) $216K NOI in place; supports immediate cash flow Path to ~$8M+ stabilized value through development
Description
17-unit lakefront multifamily on 4.6 acres with major expansion potential R-3 zoning allows ~30 additional units (buyer to verify) $216K NOI in place; supports immediate cash flow Path to ~$8M+ stabilized value through development
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1860 E Main St - Ansonia Lodge
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