Philip Laffey
Call: (516) 359-1489
Text: (516) 359-1489
**A Rare Development & Investment Opportunity**This is far more than three homes-it's a unique opportunity to acquire **three adjoining properties totaling over 3 acres** in one of the area's fastest-growing locations:**234 Prospect Road 236 Prospect Road 242 Prospect Road**Being sold together, these three properties create a rare opportunity for **larger land, greater development potential, and multiple income possibilities.**The true value lies in the potential to **combine the parcels and pursue a potential multi-lot subdivision**, with the possibility of constructing multiple homes (subject to all municipal approvals).Strategically positioned **right at the boundaries of major new residential construction and rapidly expanding communities**, this property sits directly in the path of growth while remaining conveniently close to major shopping and surrounding areas.While pursuing future development, the **three existing homes provide immediate income-producing opportunities**, including long-term rentals, large-group or short-term rentals, or personal use while preserving the property's future potential.Whether you're a **developer, investor, or visionary buyer**, this is an exceptionally rare opportunity to acquire multiple adjoining properties with **existing income, substantial land, and significant long-term upside.**surrounding new construction, and remarkable potential of this one-of-a-kind opportunity.**
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Estimated Payment
$ 3,587.47 per month $2,223.34 Principal & Interest $1,072.75 Property Tax $291.38 Homeowner's InsuranceListing By
Agency Name: eRealty Advisors, Inc
Agency Contact: 914-712-6330
Shown By
Agent Name: Philip Laffey
Agent Phone: (516) 359-1489
Agency Title: Laffey Real Estate
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242 Prospect Road | MLS# 1035856
This single family home located at 242 Prospect Road, Blooming Grove, NY 10950 is currently listed for sale with an asking price of $999,000. This property was built in 1980 and has 3 bedrooms and 1 full and 1 partial baths with 1678 sq. ft. Prospect Road is located within the Washingtonville school district. Search Blooming Grove real estate on philiplaffey.laffey.com today.