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Susan Jean Lennon
Licensed Real Estate Salesperson
REALTOR®
Mount Tremper, NY
Office: (845) 657-4177 (845) 901-5264
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5355 New York 23 , Windham, NY 12496

New - 9 Hours Ago

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Property Description

CALLING INVESTORS - PRIME WINDHAM VILLAGE OPPORTUNITYRare opportunity in the heart of Windham Village with exceptional commercial and residential development potential. Positioned in one of the Catskills most desirable four-season destinations, this property offers investors the chance to capitalize on the continued growth and popularity of Windham.Windham is truly the place to be, attracting visitors year-round with its breweries, restaurants, movie theater, live entertainment venues, walking paths, golf, and outdoor recreation -- all just minutes to skiing at Windham Mountain Club.This property presents tremendous upside potential for:â?¢ Mixed-use commercial/residential developmentâ?¢ Retail with upscale apartments aboveâ?¢ Boutique hospitality or vacation rental conceptsâ?¢ Restaurant, brewery, or entertainment venueâ?¢ Expanded multi-unit residential useA major value-added component already exists through participation in the NYC Watershed/CWC flood mitigation program. The current ownership has completed the first three phases of approvals and applications, positioning the project for construction application status. Approximately 3/4 of associated cost is covered for:â?¢ Elevating the building due to flood zoneâ?¢ Constructing a new foundationâ?¢ Relocating utilities to the first floorTo preserve continuity within the approved program, ownership is structured through 5355 Main Street, LLC, allowing a purchaser to step directly into the existing approval process and benefits already secured.Additionally, prior approvals from the Town of Windham included:â?¢ A rear additionâ?¢ Expanded first-floor commercial spaceâ?¢ Relocation of apartments to upper levelsOwnership was also advised that a future third floor of apartments would likely receive approval, creating even greater residential income potential.With strong tourism, growing demand, and limited village inventory, this is a strategic opportunity for investors and developers seeking a high-visibility property with approvals, infrastructure planning, and substantial upside already in motion

5355 New York 23 | MLS# 20262874

This multi-family property located at 5355 New York 23 , Windham, NY 12496 is currently listed for sale with an asking price of $689,000. New York 23 is located within the Wind-Ash-Jewett school district. Search Windham real estate on susan-lennon.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Lot Size: 0.24 Acres
Taxes: $3,836
Year Built: 1965

Feature Descriptions

Parcel #: 78.19-1-22
SQFT Total: 2500
Units: 4

Local Schools

School District: Wind-Ash-Jewett

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Estimated Payment

$ 2,054.04 per month $1,533.42 Principal & Interest $319.67 Property Tax $200.96 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Shaw Country Realty, Inc.

Shown By

Agent Name: Susan Jean Lennon
Agent Phone: (845) 901-5264
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/01/2026. The listing information on this page last changed on 06/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 06/01/2026 3:41:42 PM EST) or Global MLS (last updated Mon 06/01/2026 3:40:46 PM EST) or New York State Alliance MLS (last updated Mon 06/01/2026 3:35:40 PM EST) or Hudson Valley Catskill Region MLS (last updated Mon 06/01/2026 3:31:55 PM EST) or OneKey MLS (last updated Mon 06/01/2026 3:37:02 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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