Institutional Property Advisors (IPA) & Marcus & Millichap is pleased to exclusively offer for sale The Fairways & Gateway Summit, a shovel-ready, 300-unit, active adult community development opportunity in the beautiful village of Carmel, New York (population 34,000). The opportunity provides an investor fully entitled lots to develop a multiphase residential community. The two sites are connected by a Clubhouse/Amenity Complex, and include 150 units each, ranging in size from 1,400 to 2,600 square feet.
The Fairways & Gateway Summit is situated on 144 acres in the pristine Lower Hudson Valley, adjacent to Westchester County, and includes a 37- acre private lake, breathtaking 360-degree views and easy access to New York City via highway and express train. Carmel offers an unparalleled quality of living for active adults highlighted by open space, natural beauty, clean air and water and healthy living. This development site provides an investor the opportunity to capitalize on the exodus to the suburbs.
