Approved or New Construction Multi-Family Projects and Portfolios:

The Residences at the Ritz Carlton, Westchester, White Plains, 8 condo units, $5M.

Trump Plaza New Rochelle, 8 condo units, $5.5M.

Guilford, CT 150 units as of right, requires treatment plant.

Avon, CT, 100+ units (prior plans submitted, see below).

West Hartford, CT, 130 units assisted living (under permitting).

Thornwood Portfolio, 11 commercial and residential properties, $8.8M (see below).

Armonk, NY, 16 luxury units, $20M (new construction).

Pelham, NY, 8 units, $1.5M.

White Plains, NY, 16 units, $7.5M (new construction).

Northern Fairfield County, CT, ~100 units (15-50% interest or 100% acquisition).

Western New Haven County, CT, ~75 to 300 55+ single family units.

Crown Simsbury, Simsbury, CT, 72 units, fully approved (see below).

Thornwood Portfolio, Village of Thornwood, Mount Pleasant, NY.  $8.8M

The Thornwood Portfolio is an investment portfolio of mixed-use and residential properties in the Village of Thornwood, Mount Pleasant, New York.  The anchor for the property is a retail - office building at 871 Commerce Street, with plans to convert two office spaces to residential units, and two retail units occupied by Thornwood Dental Care and Shear Performance Hair Designs.  Built in the early 1990s, six units of the Marble Heights townhouse complex make up the core of the portfolio, and were recently appraised at about $700,000 each.  Another nearby townhouse unit resides at The Crossings at Thornwood.  Single family homes include a large 5-bedroom, 4-bath property on Commerce Street, and a modest house on an oversized lot on Westchester Avenue.  A renovated triplex is located at 825 Franklin Avenue in a busy commercial corridor.  The 11-property portfolio is being offered at a price of $8.8M, which assumes a 5.0% pro forma capitalization rate.  Detailed income and expense data available upon request.  Offers for individual properties or segments of the portfolio will be considered.  Last updated April 18, 2023.

236 Grasslands Road, Mount Pleasant, NY.  UNDER CONTRACT!!

Set near the village of Valhalla, this property is a rare undeveloped larger parcel available in south-central Westchester County.  This is an exceptional location on state Route 100, across from the northwest entrance of Westchester County Community College, and one-quarter mile east of Blythedale Children's Hospital and the Sprain Brook Parkway with full service interchange.  All utilities available, including a newly approved water district expansion.  The R-20 zone allows a number of uses by right or special permit, including religious, educational, hospital, nursing home, and assisted living.  Site development aspects are good, with a nearly level to gently sloping surface, rectangular lot, well drained soils, and no wetlands.  Last updated February 21, 2020.

Bethany Church, 2 Scofieldtown Road, Stamford, CT.  For Sale or Lease.

This is a distinctive property featuring a 12,000 square-foot church facility.  The church is offering its facility for sale or lease when not in use for services by the church, most availability during week days and evenings.   The property is flanked by the Stamford Historical Society and Northeast Elementary School, and is across the street from the Stamford Museum & Nature Center.  The property is a short  half-mile from Exit 35 on the Merritt Parkway (Route 15).  Last updated October 25, 2022.

Le Grand Yorktown Townhouses, Yorktown, NY.    WITHDRAWN.

Le Grand Yorktown of Yorktown Heights, Westchester County, is located at 702-714 Saw Mill River Road.  Built in 2008, the original four 1200 square-foot units of the complex are fully rented, featuring 2 bedrooms, 2.5 bathrooms, and 2-car garages each.  Since then, an additional unit with separately rented 2-bay garage has been constructed, and 3 more units with 2-car garages each and separately rented 6-bay garage and storage space are now under construction, for a total of 8 residential units and 8 bays of separately rented garage space.  Existing and pro forma income and expenses yield a total NOI of $272,326 and cap rate of 6%.  The area provides a tranquil environment in the heart of Westchester County, set across the New Croton Reservoir from the Kitchawan Preserve, and the property abuts the scenic Yorktown Heights Rail Trail.  All within five minutes drive of Downtown Yorktown Heights, the IBM Thomas J. Watson Research Center, Mohansic Golf Course, and Locke Ledge Country Club.  Last updated August 13, 2023.

100 Nod Way, Avon, CT.  $3.7M

100 Nod Way is a 9.26-acre parcel located near the heart of Avon, and directly across from the Blue Fox Run Golf Course on the Farmington River.  Previous plans submitted for approvals on 42 multi-family and 13 single family homes as an affordable housing project, the site is also ideal for a senior housing development.  The parcel is zoned agricultural, but surrounded on three sides by existing multi-family developments in RU-2A zoning that also allows for Planned Elderly Residential Development or Assisted Living by special exception.  All utilities available.  The property is located just a quarter-mile north of the commercial corridor of Route 44, and less than a mile drive to the Avon Village Center.  The site is just 25 minutes from Bradley International Airport and downtown Hartford.  Last updated June 20, 2023.

Medical Office Building, 30 Dorset Crossing Drive, Simsbury, CT.  $3.25M

30 Dorset Crossing Drive is a premier medical office building in Simsbury.  Located at Dorset Crossing on Route 202, the building features 15,000 square feet of space.  Built in 2012, the building has 13,500 square feet of clinical space with office suites and a community room; a 4,000 square foot urgent care suite with radiology room; and lab space with several blood drawing stations.  The seller will entertain a lease with option to buy, or lease rate of $17.50 sf / yr plus $9 sf / yr CAM charge.  Additional land approved for various uses is also available at Dorset Crossing, which features The Pointe apartment complex.  The site has direct frontage on Route 202, where there is a signalized entrance into the complex.  The land is level, with very well drained soils.  Daily traffic count is about 27,000, and all utilities are available.  The site is just 15 minutes from Bradley International Airport, and 25 minutes from downtown Hartford.  Last updated July 23, 2021.

Dorset Crossing Multi-Family Site, Route 202, Simsbury, CT.  $2.88M.

4.5 acres of the Dorset Crossing master planned complex is approved for 72 multi-family units, including 64 market rate units and 8 affordable units based on area median income. The Pointe at Dorset Crossing with 168 units is a successful existing apartment complex with low vacancy rates, and has been sold twice since 2017. An additional 72 units to the rear of The Pointe are also recently approved under separate ownership. An existing medical office / retail building of about 15,000 square feet is adjacent to the site and also available for sale or lease, and another available one-acre lot to the southeast would be ideal for a bank, restaurant, or other commercial enterprise. The site has great visibility from Route 202, where there is a signalized entrance into the complex. The land is level with very well drained soils. Daily traffic count is about 27,000, and all utilities are available. The site is just 15 minutes from Bradley International Airport, and 25 minutes from downtown Hartford.  Last updated March 26, 2024.

215 Lexington Avenue, Mount Kisco, NY.  $2.85M

215 Lexington Avenue is a prime redevelopment opportunity in Mount Kisco, New York.  The property currently has 4 residential units and 2 commercial spaces.  Projected income and expenses without vacancy yield a net operating income of approximately $111,740.  The property also has three townhomes fully approved for the site – site plans, elevations, floor plans, and landscaping plans are available, thus making this property an exceptional value add play.  All utilities on site, parking for the new development finished.  Very convenient location, at about one-quarter mile from Main Street, bus line, and restaurants, one-half mile to Northern Westchester Hospital, and just over one-half mile to the Mount Kisco Metro North railroad station.  About one mile to Saw Mill River Parkway interchange and Mount Kisco Country Club.  Major employers of the area include CareMount and Curtis Instruments.  Last updated October 11, 2023.

Crown Simsbury, Simsbury, CT.  $2.772M

Crown Simsbury is a prime development opportunity in Simsbury, Connecticut.  Seven acres of the Dorset Crossing master planned complex are available and already approved for 72 market rate units of multi-family development.  The site lies at the end of Casterbridge Crossing off Route 202, where there is a signalized entrance into the complex.  A development road already leads to the wooded site across a stream, dominated by very well drained Merrimac and Hinckley sandy loam soils. The ask price of $38,500 per unit does not include the cost of bringing utilities across Saxton Brook Bridge.  72 more units are also approved at the front of the complex, for a total of 144 units available for development.  The Pointe at Dorset Crossing is an adjacent complex of 168 units, and is more than 95% occupied.  The Pointe has sold twice over the last several years.  Daily traffic count is about 27,000, and all utilities are available.  The site is just 15 minutes from Bradley International Airport, and 25 minutes from downtown Hartford.  Last updated September 17, 2023.

Ricciardella Estates, 702 Saw Mill River Road, Yorktown, NY.  $2.343M

Ricciardella Estates is located at 702 Saw Mill River Road (State Route 118) in Yorktown Heights, New York. In southern Yorktown, the property measures just under one acre, with three new townhouses and a 6-bay garage fully leased. The property complements an existing five-unit townhouse complex next door at 714 Saw Mill River Road, also for sale. The three new units yield a NOI of $140,600. The area provides a tranquil environment in the heart of Westchester County, set across the New Croton Reservoir from the Kitchawan Preserve, and the property abuts the scenic Yorktown Heights Rail Trail. All within five minutes drive of Downtown Yorktown Heights, the IBM Research Center, Mohansic Golf Course, and Locke Ledge Country Club.  Last updated January 31, 2024.

First and Last Tavern, 26 West Main Street, Avon, CT.  $2.3M

First & Last Tavern, an existing restaurant and mixed-use redevelopment opportunity at 26 West Main Street in Avon, Connecticut. Located in the heart of Avon, the property measures 1.7 acres on Route 44 just east of the town center. Concept plans call for approximately 60 multi-family units and some retail space in this Commercial - Specialized zone. The town recognizes the parcel as especially suited for this use, and indicates a 10 percent affordable housing component may be sufficient for approval. The existing restaurant is a viable enterprise itself, although highest and best use is captured in the concept plans. Additional land and up to 24 additional multi-family units possible. Rare chance to develop within a stone’s throw of Whole Foods Market and Avon Village Center.  Last updated March 26, 2024.

Willow Grove Road, Stony Point, NY.  Price Undisclosed

A unique development opportunity on Willow Grove Road in Stony Point, New York, offering stunning views of Harriman State Park to the west and Hudson River Valley to the east.  Conveniently located just west of Palisades Parkway at Exit 14, the 45-acre property is only a 20 minute drive to Westchester County, and just over one-half hour ride to Manhattan.  The property is also within one-half hour of West Point and Stewart International Airport to the north.  Sewer is available nearby on County Road 98.  While zoned RR - Rural Residential for single family residential development, the property can also be developed, by right or special permit, for educational / religious complexes, nursing homes, as well as hospitals, insititutional, or governmental facilities.  Last updated February 21, 2020.

166 Waterford Parkway South, Waterford, CT.  $1.6M

This wooded property measures 20.44 acres, and has an IP-1 zoning designation which allows for a wide variety of uses as of right such as professional offices, medical clinics, research labs, manufacturing, schools, and warehousing; as well as special permit uses such as places of worship, sports facilities, motels and hotels, veterinary hospitals, nursing homes, and assisted living / memory care facilities.  The property is adjacent to 327 acres of land that is also for sale.  Located about half way between Boston and New York City, the property is within 20 miles of Mohegan Sun, Mystic Aquarium, and the Groton - New London Airport.  Major retailers in the immediate surrounding area serve the nearby populations of Groton and New London, with over 100,000 people in a 20-mile radius.  Last updated February 21, 2020.

Route 5 Land, King Street, Enfield, CT.  UNDER CONTRACT!!

A prime development opportunity in Enfield. Located on King Street (Route 5), 34 acres of vacant land is available, mostly consisting of open farmed acreage in the King Street / Enfield Street Design Overlay District. The property has enough acreage to accomplish a multi-family development, with all utilities available. Signalized light and a full access interchange of Interstate 91 are within one-quarter mile of the property to the south. The property is located in close proximity to Bright Beginnings Childcare, Healthtrax Fitness, Enfield Inn, and Kings Island Boat Launch. Zoning for the parcel is R-44, allowing for market rate and elderly housing at 16 units per acre, or assisted living at 8 units per acre – 100-unit continuing care community also allowed. With nearly 1,400 feet of frontage on King Street and backing on Interstate 91, the property features great visibility with an average daily traffic count of over 12,000 on King Street.  Last updated January 8, 2024.

Grace & Glory Land, King Street, Enfield, CT.  $995,000.

A prime development opportunity in Enfield.  Located on King Street (Route 5), approximately ten acres of vacant land is available from excess acreage of the Grace & Glory church, which lies directly to the north.  The property consists of one undeveloped 8.58-acre lot and a portion of the lot with the church building so that a minimum of ten acres is available to meet minimum acreage required for uses such as elderly housing or assisted living.  Signalized lights and a full access interchange of Interstate 91 are within one-quarter to one-half mile of the property.  The property is located directly across the street from the new CREC Civic Leadership High School.  Zoning for the main parcel is R-33, allowing for elderly housing at 16 units per acre, or assisted living at 10 units per acre, while the 1.5-acre section is zoned general business allowing for a wide variety of uses.  With two accesses directly on King Street and backing on I-91, the property featuers great visibility, with an average daily traffic count over 8,000 on King Street.  Last updated November 22, 2022.

Commercial Lot, Route 202, Simsbury, CT.  $850,000.

One acre of the Dorset Crossing master planned complex is available and already approved for 14,500 square feet of new office and commercial space.  Ideal uses at this location include bank, restaurant, or retail store.  The  site has direct frontage on Route 202 and is at the main entrance to the complex at a signalized intersection.  An existing medical office building of about 15,000 square feet occupies the site, which is adjacent to The Pointe apartment complex.  The land is level with very well drained soils.  Daily traffic count is about 27,000, and all utilities are available.  Dorset Crossing is just up the street from a brand new Big Y grocery store.  The site is just 15 minutes from Bradley International Airport, and 25 minutes from downtown Hartford.  Last updated October 13, 2021.

Route 9 & New Britain Avenue, Berlin, CT.  UNDER CONTRACT!!

This 75.8-acre property consists of four parcels bound by New Britain Road and Route 9 in northern Berlin.  Two of the four lots are small access drives off New Britain Road leading to railroad crossings into the property.  The northern access is adjacent to McDonald's, while the southern access leads to the main entrance into the property.  Much of the property has been mined for gravel, although there is an estimated 20+ acres of remaining land suitable for development.  The subject property features great visibility from Route 9, and is just minutes away from Interstates 84 and 91.  Last updated February 21, 2020.

1000 Litchfield Turnpike, New Hartford, CT.  UNDER CONTRACT!!

1000 Litchfield Turnpike is an 8-acre tract at the corner of Route 202 and Town Hill Road (Route 219) across from the Ann Antolini School, offered at just $199,000.  Last updated January 12, 2024.

Gregory F. Walwer, Ph.D, Real Estate Broker licensed in CT, NY, MA & FL.  118 Whitfield Street, Guilford, CT  06437, (203) 458-0550