5355 New York 23 , Windham, NY 12496

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Property Description

CALLING INVESTORS - PRIME WINDHAM VILLAGE OPPORTUNITYRare opportunity in the heart of Windham Village with exceptional commercial and residential development potential. Positioned in one of the Catskills most desirable four-season destinations, this property offers investors the chance to capitalize on the continued growth and popularity of Windham.Windham is truly the place to be, attracting visitors year-round with its breweries, restaurants, movie theater, live entertainment venues, walking paths, golf, and outdoor recreation -- all just minutes to skiing at Windham Mountain Club.This property presents tremendous upside potential for:â?¢ Mixed-use commercial/residential developmentâ?¢ Retail with upscale apartments aboveâ?¢ Boutique hospitality or vacation rental conceptsâ?¢ Restaurant, brewery, or entertainment venueâ?¢ Expanded multi-unit residential useA major value-added component already exists through participation in the NYC Watershed/CWC flood mitigation program. The current ownership has completed the first three phases of approvals and applications, positioning the project for construction application status. Approximately 3/4 of associated cost is covered for:â?¢ Elevating the building due to flood zoneâ?¢ Constructing a new foundationâ?¢ Relocating utilities to the first floorTo preserve continuity within the approved program, ownership is structured through 5355 Main Street, LLC, allowing a purchaser to step directly into the existing approval process and benefits already secured.Additionally, prior approvals from the Town of Windham included:â?¢ A rear additionâ?¢ Expanded first-floor commercial spaceâ?¢ Relocation of apartments to upper levelsOwnership was also advised that a future third floor of apartments would likely receive approval, creating even greater residential income potential.With strong tourism, growing demand, and limited village inventory, this is a strategic opportunity for investors and developers seeking a high-visibility property with approvals, infrastructure planning, and substantial upside already in motion

5355 New York 23 | MLS# 20262874

This multi-family property located at 5355 New York 23 , Windham, NY 12496 is currently listed for sale with an asking price of $689,000. New York 23 is located within the Wind-Ash-Jewett school district. Search Windham real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Lot Size: 0.24 Acres
Taxes: $3,836
Year Built: 1965

Feature Descriptions

Parcel #: 78.19-1-22
SQFT Total: 2500
Units: 4

Local Schools

School District: Wind-Ash-Jewett

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Estimated Payment

$ 2,054.04 per month $1,533.42 Principal & Interest $319.67 Property Tax $200.96 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Shaw Country Realty, Inc.

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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