Daley Farm
Land | 149 acres
Marketing description
The final map is in the process of being filed and infrastructure improvements could begin as early as Q1 2024. The current site plan calls for 136 lots: 51 single-family (0.5-1 acres), 9 estate (1.5-8 acres), and 76 town-homes. Each property will be tied into municipal water and sewer.
Located on Titusville Road between Noxon Road and Daley Road, this is one of the area's most sought after locations. The Taconic State Parkway, Metro North train, and Amtrak are all within a few miles of this former farm, making it an ideal location for commuters as well as the local workforce supporting area employers like IBM, Nuvance Medical Center, Marist College, Vassar College, Culinary Institute of America, and more. The property also borders the Dutchess Rail Trail, a section of the Empire Trail bike trail system that includes the Walkway Over The Hudson, the world's second-longest pedestrian footbridge.
Investment highlights
- Local Average New Construction Price Per Foot (2021-2022) - $242
- Inventory shortage across Dutchess County, with resale inventory down 14% from Q1 2021 to Q 2022
- Fulfills dramatically underserved demand for new single-family homes and town-homes.
- Absorption rates at nearby subdivisions have significantly increased over the last 12 months. Frank Farm/Sleight Farm is the nearest comparable offering about 3 miles away.
- 3.4% Estimate Tax Rate per $1,000
- Arlington School District
- Average New Construction Price Per Square Foot (last 12 months) = $274
- Demand for housing in the Town of Lagrange has increased dramatically and continues to appreciate into 2023.
- New construction sale prices have increased by over 25% in the past 5 years.
- The Sleight Farm Development sold out 130+ lots across three phases since opening in 2020
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