$6,900,000

McGrath Realty is pleased to present the opportunity to acquire a fully approved 188-unit multifamily development site located on Nelson Avenue and Channingville Road in the Village of Wappingers Falls, New York. The ±13.42-acre property is approved for 176 apartments and 12 townhomes, totaling approximately 219,591 SF across six residential buildings, together with a centrally located clubhouse, resident amenities, surface parking and landscaped open space. The offering includes the approved site and development plans, architectural floor plans, elevations and renderings. Final construction documents, including MEP plans, remain to be completed by the purchaser. SEQR has been completed, municipal water is contemplated as part of the approved development, and final sewer service confirmation is pending issuance of a will-serve letter from the Village. The property is strategically positioned in southern Dutchess County near Route 9, Route 9D and I-84, with the New Hamburg Metro-North station approximately three miles from the site and Beacon, Fishkill and Poughkeepsie all within approximately eight miles. With major entitlement work completed and a defined 188-unit development program in place, the property offers a compelling opportunity to advance a large-scale multifamily project in a growing Hudson Valley market.