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1 Warburton Ave - Fully Approved 21 Town Houses

0.24 Acres of Commercial Land in Hastings Hudson, NY 10706

Investment Highlights

  • Approved and permitted for 21 residential units, this property is a developer's dream.

Executive Summary

Fantastic real estate opportunity with stunning views of the Hudson River. The location, being set on a hill and spanning from the Tappan Zee Bridge down to the George Washington Bridge, offers unobstructed vistas of the river. With 21 approved townhouses, all boasting 10-foot ceilings, rooftop terrace green roof, 2 car garages, and top-of-the-line construction, it’s bound to be appealing. The proximity walking distance to Metro north making a convenient commute. The combination of modern amenities and breathtaking scenery is sure to make this a prime development. Site fully approved.

Property Facts

Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.24 AC

1 Lot Available

Lot

Lot Size 0.24 AC

Fully approved townhome development

Description

The Village Of Hastings recently approved a zoning change for the east side of the property, transitioning from R-10 (single-family residential) to M-R 1.5 (multi-family residential, with a minimum of 1,500 sq. ft. per unit). This new zoning allows for townhouse development, and the Hastings Planning Board granted final site plan approval for 21 townhomes on July 20, 2023. Our plan is to design, build, and sell 21 spacious, attached, three-story townhomes in four clusters-three on the East side of Warburton Ave, and one on the West side. Of the 21 homes, 19 will be high-end, market-rate residences, and 2 will be affordable units, each with an accessory apartment. The development is ideally located within walking distance of metro north and lies in the desirable Hastings School District, with one home situated in the City of Yonkers. Each townhome will feature: - 3 stories with a flat, green roof and rooftop deck - 2 bedrooms, a den, and 3.5 baths - Ceiling heights of 9 ft. at grade level, 10 ft. on the second floor, and 9ft. on the third floor - Market-rate units will include a two-car garage, and affordable units will have a one-car garage - Affordable units will not include rooftop decks This Development is the perfect opportunity to own a modern, sustainable home in one of the most sought-after locations in the River Towns.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2607-004-160-00166-000-0003
Land Assessment
$421,800
Improvements Assessment
$0
Total Assessment
$421,800
  • Listing ID: 34490453

  • Date on Market: 12/14/2023

  • Last Updated:

  • Address: 1 Warburton Ave, Hastings Hudson, NY 10706

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