- For Sale $2,000,000
- Property Type Multi-Family
- Property Size 37,930 SF
- Units 28
- Lot Size 39.82 Acre
- Taxes / YR $68,000.00
- Year Built 2003
- Date Updated Aug 11, 2026
Description
Investment Highlights:
Scale & Layouts: 28 total residential units efficiently spread across 8 high-quality townhouse clusters
Future Development Potential: Available land to build approximately 5-single family homes or 18 townhomes with necessary approvals
Favorable Floorplans: Features large layouts with a heavily weighted premium towards family spaces with 19 Three-Bedroom and 9 Two-Bedroom configurations
100% Affordable Program Structure: Governed by an HTFC regulatory framework allocating 100% of the portfolio (all 28 units) to very low-income residents earning at or below 50% Area Median Income (AMI)
Assumable Financing: Lucrative, assumable secondary loan from the New York State Housing Trust Fund Corporation (HTFC) locked in at a 1% interest rate through February 2035
Strategic Transit & Employment Hub: Located in the heart of Dutchess County, offering seamless connectivity to major regional employers, commuter paths, and the greater New York metropolitan market 2035
Unbeatable Suburban Setting: Situated directly between the highly trafficked, scenic Dutchess Rail Trail and Underhill Road, giving residents immediate access to top-tier outdoor recreation and local amenities
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
