Distressed Subdivision Opportunity
To whom it may concern,
My name is Garrett Benner and I’m an associate with Benner & Piperato in Eastern Pennsylvania, USA. I currently represent a real estate developer who is looking to sell a fully approved 125 lot residential housing subdivision. All lots are approximately 1- acre. The reason for the sale has to do with lack of capital to make improvements (roads, drainage, etc). The approximate cost of improvements are $5 million. The location of the project is a 40 minute drive from Philadelphia, PA and approximately a 1 hour drive from New York City. The market value of these lots based on comparable sales are anywhere from $300-500k. It is the last tract of developable land left in the area known as Saucon Valley. The location of this project in relation to Saucon Valley country club also adds a significant amount of value to potential homebuyers (1/2 mile). Please let me know if you would be interested in such a project. I do feel there is value in this project due its location and overall reason for the sale. Let me know if I can send you more information on the project. I hope to hear from you.
Sincerely,
Garrett R. Benner
610-867-3900
My name is Garrett Benner and I’m an associate with Benner & Piperato in Eastern Pennsylvania, USA. I currently represent a real estate developer who is looking to sell a fully approved 125 lot residential housing subdivision. All lots are approximately 1- acre. The reason for the sale has to do with lack of capital to make improvements (roads, drainage, etc). The approximate cost of improvements are $5 million. The location of the project is a 40 minute drive from Philadelphia, PA and approximately a 1 hour drive from New York City. The market value of these lots based on comparable sales are anywhere from $300-500k. It is the last tract of developable land left in the area known as Saucon Valley. The location of this project in relation to Saucon Valley country club also adds a significant amount of value to potential homebuyers (1/2 mile). Please let me know if you would be interested in such a project. I do feel there is value in this project due its location and overall reason for the sale. Let me know if I can send you more information on the project. I hope to hear from you.
Sincerely,
Garrett R. Benner
610-867-3900
Labels: distressed real estate, homebuilder, Real Estate, real estate investments
posted by Stock Administrator @ 12:17 PM
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