Bank Owned Approved 103 Unit Townhouse Dev Gardnertown Road Town of Newburgh Orange County, New York

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1 General Information: Tax ID: Section 75 Block 1 Lots Taxes: $82,000 Acres: 19.8 AC Utilities: Municipal Water and Sewer Units: 103 town homes 76- three bedroom 22- two bedroom 5- flats Property Description The subject property consists of five contiguous residential lots containing 19.8 acres; with approvals for a 103 unit condominium town home development. The Gardnertown Commons consists of: 76 three bedroom units, 22 two bedroom units, and 5 flats. The amenities will include open space, a club house, pool, and tennis court. The property is currently vacant land, and ready for construction permits. Overall the site the site is considered excellent for residential development, and is approved as an unrestricted, market rate, with no affordability or age restriction requirements. The development is to be constructed in five phases and will have fees associated with building permits and recreation. Fully Approved Unrestricted / market rate Completed Site Plan Growing County Highlights Excellent Location Water and Sewer Kevin McGrath Principle Broker McGrath Realty Inc Route 52 Hopewell Junction, New York (845) kmcgrath@mcgrathrealtyinc.com Website: Mcgrathrealtyinc.com

2 Unit Make-Up: Floor Plan Type # of Units Unit SQ. FT. Basement Total SF incl. B Building Plans: Duplex E 3 Bedroom 26 1, Duplex B 3 Bedroom 13 1, Duplex B+L 3 Bedroom 18 1, Duplex A 3 Bedroom 3 1, Duplex X 3 Bedroom 16 1, Flats C1 2 Bedroom 5 1,277 1, Duplex D 2 Bedroom 10 1, Duplex D+L 2 Bedroom 7 1, Flats C2 Loft Option 5 1, Totals 277 Bedrooms ,495 83, ,165 Total 3 Bedroom 76 Total 2 Bedroom 22 Flats 5 *The unit Square footage is for livable finished area only. The basement is listed separately. Estimated Foundations are 22 x40 Garage 12 x22 Kevin McGrath Principle Broker McGrath Realty Inc Route 52 Hopewell Junction, New York (845) kmcgrath@mcgrathrealtyinc.com Website: Mcgrathrealtyinc.com

3 Site Plan:

4 Location: The Town of Newburgh is located approximately 60 miles north of New York City. It is 45 square miles and includes part of Stewart International Airport. The Town is strategically located at the junction of Interstate 84 and New York State Thruway Interstate 87. Other major arteries which cross the Town of Newburgh are New York State Highways 9W, 17K, 32, 52, and 300. State Highway 207 skirts the southeast corner of the Town. The Town of Newburgh is located in Orange County, the fastest growing of New York State's 62 counties, and the only County in New York which borders both the Hudson and Delaware Rivers. Newburgh has a population of approximately 30,000 residents, a low crime rate with a community oriented and professional Police Department, and top rated Fire Departments. All of this makes it a nice place to raise a family and do business. The site is located centrally near shopping centers and offers an easy commute with major highways nearby; all while not being too close to all the action Percent 2018 Percent Area Population Population Change Population Change 3-Mile Radius 51,905 51, , Mile Radius 415, , , New York State 19,378,102 19,552, ,922, Household Household Percent Household Percent Area Income * Income * Change Income * Change 3-Mile Radius NA $74,446 NA $85, Mile Radius NA $89,737 NA $104, New York State $77,971 $82, $97, SITE Beacon Metro North- 10 min

5 Albany 88 miles SITE Stewart International Airport Danbury 35 min NYC 68 miles Westchester County Airport

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