9 Spruce Dr, New City, NY 10956

Approved Multifamily Development Opportunity 9 Spruce Drive, New City, New York Fully Approved 12-Unit Multifamily Development Site in the Heart of Downtown New City Revitalization 9 Spruce Drive presents a rare opportunity to acquire a fully approved multifamily development site located in the Hamlet of New City within the Town of Clarkstown, Rockland County, New York. The property consists of approximately 1.27 acres (55,297 square feet) positioned on the north side of Spruce Drive, approximately 160 feet west of the intersection with Main Street. The project has been thoughtfully designed to capitalize on the continued revitalization and expansion of downtown New City, an area experiencing increasing residential and commercial investment activity. With all major municipal approvals secured, the development offers investors and developers the ability to immediately advance toward construction while avoiding the uncertainty, time, and expense associated with the entitlement process. The site benefits from an exceptional walkable location within close proximity to downtown New City?s retail, dining, grocery, and service amenities, as well as commuter bus transportation providing direct access to New York City. The property location supports strong long-term rental demand driven by both local residents and NYC-area commuters seeking high-quality suburban housing alternatives. The property is located within one of the most active redevelopment and revitalization areas in downtown New City, where multiple residential and commercial projects are currently underway or proposed. Project Overview The approved development consists of a three-story multifamily residential building featuring twelve (12) apartment units constructed above a structured parking level. The design incorporates modern suburban apartment layouts, efficient site circulation, and ample parking accommodations for both residents and guests. Unit Mix, Eight (8) Two-Bedroom Apartments Approximately 1,200 square feet each Four (4) One-Bedroom Apartments The residential units are located on the second and third floors above the enclosed parking level. Site & Development Features: Total Site Area: 1.27 Acres (55,297 SF), Three-Story Building Design, 38 Total Parking Spaces of Resident Parking and Guest Parking. Gently Sloping Site from West to East Toward Main Street. Walkable Downtown Location. Close Proximity to Retail, Restaurants, Grocery Stores & NYC Transit Approvals & Entitlements All principal land use approvals have been secured from the Town of Clarkstown, creating a substantially de-risked development opportunity for the purchaser. The project is being offered with full municipal site plan approvals already in place, significantly reducing development timeline and entitlement risk. Approvals include: Town of Clarkstown Planning Board, Zoning Board, and Architectural Review Board Approvals. The sale includes: Full Site Plan Approval, Preliminary Architectural Plans, Site Plans and Development Documentation offered as a fully approved multifamily development opportunity inclusive of approvals, engineering, architectural plans, and supporting development documentation. An experienced construction and development team is also available to provide turnkey construction services from groundbreaking through final project completion, if desired by the purchaser. Offering Terms Asking Price: $1,499,000. T