Cold Spring Development Site

Nassau County, Cold Spring, New York 11743

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Property Description

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in the Cold Spring Hills Development Site (the “Property”) for sale.

Situated between Oheka Castle and Cold Spring Country Club in Cold Spring Hills, NY, the Property totals 13.28 acres of land owned by Cold Spring Country Club. It is zoned for the development of up to 185 homes.

• Luxury housing development that caters to affluent area residents who are downsizing.
• Ideally situated 35 miles from New York City and 50 miles from the Hamptons.
• Average household income within a 1 mile radius of $173,694 and median age of 46 supports high-end demand.
• Zoning approval in place in a historically difficult area to obtain entitlements.
• Less than half a mile from Cold Spring Harbor train station.
• Abundance of nearby amenities including multiple golf courses, several fine restaurants, waterfront recreational activities and boutique shops.

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Building Type:Development/Conversion Sites
Location:E Gate Drive, Cold Spring Hills, NY
Lot Dimensions:13.28 Acres
Zoning:Residential-Open Space Cluster District



For further information or inspection, please contact Exclusive Agents:

Thomas A. Donovan
Vice Chairman
(718) 512 2626

Property Images

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Property Map

Aerial View

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.