Fully Approved Multifamily Development Opportunity
9 Spruce Drive | New City, New York
Executive Summary
Asset Type: Approved Multifamily Development Site
Location: New City, Town of Clarkstown, Rockland County, NY
Site Area: ±1.27 Acres (55,297 SF)
Approved Program: 12 Residential Apartment Units
Building Configuration: Three Stories Over Structured Parking
Parking: 38 Spaces
Offering Price: $1,499,000
Status: Fully Approved Site Plans and Preliminary Architectural Plans Included
9 Spruce Drive offers investors and developers the opportunity to acquire a fully entitled multifamily development site in the heart of downtown New City’s expanding redevelopment corridor. The project has received approvals from the Town of Clarkstown Planning, Zoning, and Architectural Review Boards, allowing a purchaser to immediately advance toward construction.
The approved development consists of twelve apartment residences featuring a highly marketable suburban unit mix, structured parking, modern site planning, and strong walkability to downtown amenities and NYC commuter transportation.
Key Investment Highlights
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’s 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.
Development Program
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 Characteristics & Improvements
Total Site Area: 1.27 Acres (55,297 SF)
Three-Story Building Design
38 Total Parking Spaces
Resident Parking
Guest Parking
Fire Truck Access and Turnaround Area Provided
Gently Sloping Site from West to East Toward Main Street
Walkable Downtown Location
Close Proximity to Retail, Restaurants, Grocery Stores & NYC Transit
Entitlements & Approvals
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 approvals already in place, significantly reducing development timeline and entitlement risk.
Approvals include:
Town of Clarkstown Planning Board
Zoning Board Approvals
Architectural Review Board Approvals
The sale includes:
Full Project Approvals
Engineering
Preliminary Architectural Plans
Site Plans and Development Documentation
Offering Details
Asking Price: $1,499,000
The property is being 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.
Investment Highlights
Rare fully approved multifamily development opportunity in Rockland County
Immediate path to construction with approvals and plans in place
Strong downtown New City location with walkability to amenities and transit
Attractive unit mix designed for today’s suburban rental market
Structured parking with generous resident and guest parking capacity
Positioned within an active redevelopment and revitalization corridor
Strong demographic and commuter appeal due to proximity to New York City
Opportunity for developers and investors to enter a supply-constrained rental market
Reduced entitlement risk and shortened development timeline
Included in Sale
Full Municipal Site Plan Approvals
Preliminary Architectural Plans
Engineering & Site Plans
Entitlement Approvals
Construction Availability
A qualified construction and development team is available to provide turnkey construction services from project commencement through final completion.
Contact Information
For additional information, approvals, plans, engineering documents, or development details, please contact us directly.
Bryan Lanza
The Agency | Commercial Division
