139-145 St Rte 17M, Monroe, NY, 10926
$3,600,000
activeLot Size
168,173 sqft
Type
Land
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
48 Unit Shovel Ready Multifamily Development Project Harriman Gardens offers a rare opportunity to bring a fully approved 48-unit residential community to life in the heart of the Village of Harriman. Designed to meet the growing demand for high-quality rental housing in Orange County, the project combines thoughtful unit layouts with a location that provides both accessibility and small-town appeal. The development includes a well-balanced mix of one-, two-, and three-bedroom apartments, creating a community that serves a wide range of residents with comfortable, well-located housing. With municipal services in place and a clear path to construction, the project is positioned for efficient delivery and strong market reception. Set along Route 17M, Harriman Gardens benefits from proximity to major transportation routes, shopping, and places of business throughout the Hudson Valley. As demand for rental housing continues to outpace supply in the region, this project represents an opportunity to deliver a product that aligns with current market needs while contributing to the continued growth of the local community. Harriman Gardens is more than a development site—it is a ready-to-build residential community in a market where new housing is both needed and supported. Investment highlights Fully Approved, Shovel-Ready Development – All entitlements secured; immediate path to construction 48-Unit Multifamily Project – Balanced mix: 16 one-bedroom, 16 two-bedroom, 16 three-bedroom units Execution-Stage Opportunity – Eliminate entitlement risk and accelerate timeline to stabilization Infrastructure in Place – Municipal water, sewer, and natural gas available Efficient, Repeatable Design – ~50,000 SF of planned residential product with proven layouts Strong Demand Fundamentals – Undersupplied Orange County rental market with sustained absorption Strategic Location – Direct access to Route 17M with connectivity to major regional corridors Compelling Value-Add Profile – Clear path to create value through development and lease-up Broad Tenant Appeal – Unit mix supports a wide variety of occupancy needs Rare Opportunity – Limited availability of fully approved multifamily sites of this scale in the region
Listed by Steven Brown, Hudson Valley Realty & Busines
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