40 Underhill Place West Harrison, NY 10604
West Harrison NeighborhoodEstimated payment $7,247/month
About This Lot
Investor’s Dream: Shovel-Ready Lot for a Luxury Townhouse Duplex – $1.3M to $1.5M Per Side Value & $18K Monthly Income Potential
Investors, Builders, and End Users – Calling All! This lot is fully prepped and shovel-ready for construction with a foundation pin survey completed and plans approved for a stunning side-by-side townhouses build, featuring 6 bedrooms and 5.5 bathrooms in each unit. The property is in the process of condo conversion, allowing each side to be separately deeded with a 6-bedroom, 5.5-bathroom C/O per unit. Seller can transfer the condo conversion and approved building plans to the buyer, with both architect and attorney services already retained and paid. Each side has a projected Townhouse condo value of $1,300,000 to $1,500,000 when complete and can generate approximately $9,000 per month in rental income per side. Situated on a Rare 75 x 100 lot. Approved plans available in the document center.
Listing Agent
Berkshire Hathaway HS NY Prop Brokerage Phone: 914-779-1700 License #10401291640 Listed on: 07/27/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $16,817
Lot Details
- 7,500 Sq Ft Lot
Schools
- Samuel J Preston Elementary School
- Louis M Klein Middle School
- Harrison High School
Listing and Financial Details
- Assessor Parcel Number 2801-000-811-00000-000-0055
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $15,817 | $9,550 | $900 | $8,650 |
| 2023 | $19,487 | $9,550 | $900 | $8,650 |
| 2022 | $14,939 | $9,550 | $900 | $8,650 |
| 2021 | $14,651 | $9,550 | $900 | $8,650 |
| 2020 | $17,953 | $9,550 | $900 | $8,650 |
| 2019 | $15,081 | $9,550 | $900 | $8,650 |
| 2018 | $9,693 | $9,550 | $900 | $8,650 |
| 2017 | $0 | $9,550 | $900 | $8,650 |
| 2016 | $13,379 | $9,550 | $900 | $8,650 |
| 2015 | -- | $9,550 | $900 | $8,650 |
| 2014 | -- | $9,550 | $900 | $8,650 |
| 2013 | -- | $9,550 | $900 | $8,650 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2025 07/27/25 | For Sale | $1,075,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $325,000 | Amtrust Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | $580,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Previous Owner | $491,840 | New Conventional | |
| Previous Owner | $61,480 | Credit Line Revolving |
Source: OneKey® MLS
MLS Number: 893855
APN: 2801-000-811-00000-000-0055
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