Property Description

Don’t miss this exceptionally rare opportunity to control a substantial land assemblage in the highly coveted Edgemont School District, where new-construction opportunities are increasingly scarce. The offering consists of two parcels located directly across the street from one another, totaling approximately 5 acres: a ~4-acre parcel with a long-established history as a gardening nursery dating back to the 1940s, and a separate ~1-acre parcel. The property is being conveyed for land value and redevelopment potential, presenting a compelling canvas for a sophisticated builder or developer to create a premier residential enclave in an established, high-demand setting.
The site offers meaningful flexibility, with the ultimate configuration to be shaped by vision, design, and municipal approvals. Adding to the ~4-acre parcel’s appeal for potential future development is the recent granting by the Greenburgh Planning Board of the extension of an approved site plan for the use of the parcel for a senior living community. While buyers should conduct their own due diligence regarding intended use and approvals, this existing entitlement history may provide valuable insight and flexibility for a range of redevelopment concepts. Future end-users will enjoy exceptional proximity to major highways and Metro-North, along with access to nationally ranked schools, parks, country clubs, and lifestyle amenities that define the Edgemont and greater Scarsdale appeal. A rare chance to deliver thoughtfully designed new homes in one of Westchester’s most enduring and desirable markets.

Features
Sewer:
Public Sewer
Address Map
City:
Greenburgh
State:
NY
Street:
Underhill
Street Number:
448
Street Suffix:
Road
Postal Code:
10583
Floor Number:
0
Longitude:
W74° 10' 17.6''
Latitude:
N41° 0' 31.9''
PostalCity:
Scarsdale
Additional Information
Elementary School:
Greenville
High School:
Edgemont Junior-Senior High School
Agent MlsId:
23419
MiddleOrJunior School:
Edgemont Junior-Senior High School
PhotosCount:
7
Special Listing Conditions:
No
Tax Annual Amount:
$51,609
Office MlsId:
COMPNY02

Land - MLS# 945060

448 Underhill Road, Greenburgh, NY

3.79 Acre
$3,750,000
Listing ID #945060
Basic Details
Property Type :
Land
Property SubType :
Condominium
Listing Type :
For Rent
Listing ID :
945060
Price :
$3,750,000
Bathrooms Total :
0
Lot Area :
3.79 Acre
Status :
Active
Listing Agent :
Seth L. Keslow
Listing Office :
Compass Greater NY, LLC
Agent info
Coldwell Banker American Homes
284 West Park Ave
Contact Agent
Walkscore