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- LoopNet Team
1260 Crompond Rd
Peekskill, NY 10566
1260-1302 Crompond income & development · Land For Sale · 1.22 AC
Investment Highlights
- The prime area of Peekskill next to downtown give the property incredible value
- Rental Income, great rental income with upside of 4 vacant lots
- This is a great development site opportunity and the possibilities are plenty.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 1.22 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.22 AC |
Description
Incredible development opportunity in the Heart of Peekskill NY!! Located at 1260 -1320 Crompond Rd, Peekskill, NY10566, this property consists of a triplex, a duplex, and a single-family house totaling 6 apartments and 4 vacant lots. These lots are located within an Opportunity Zone. The total area is 1.22 acres and all properties are separated with all tenants paying their own utilities. The prime area of Peekskill next to downtown give the property incredible value and it has a current gross income of over 170k annually, but the best part is that the city of Peekskill is very pro-development and there are many projects in progress right now and this specific property is within walking distance of city center. Nearby developments include mixed-use properties, apartment complexes, rental spaces, and more. Demographics are great in the area as well, with high levels of education, employment, and income. This is a great development site opportunity and the possibilities are plenty. As a developer, you will be able to go through rezoning and wait for approvals while the carrying cost is being covered by the current rental income!!
