143 West Street

One-of-a-kind opportunity to create highly desirable living space by taking advantage of an irreplaceable location on the Housatonic River at the head of Lake Lillinonah. Close to New Milford town green and adjacent to existing marina/office bldg.Plans, Approvals, and Land for fully approved 109 units four-story residential complex on beautiful Lake Lillinonah. This project consists of 58 one-bedroom and 51 two-bedroom units, for which market rental rates of $1,850 for 2 BDRM and $1,450 for 1 BDRM have been used to develop proforma. By adding ancillary income for parking, etc., the total income is projected to be approximately $2.2 million annually. The total cost of the project including land is estimated to be in the low $20 million range. Town encourages submission of tax abatement, which can now be up to 10 years in CT.Attention: Developers, Investors & Entrepreneurs!! PLANS, APPROVALS AND LAND for fully approved 109 unit four story residential complex on beautiful Lake Lillinonah. This project consists of 58 one-bedroom and 51 two-bedroom units, for which market rental rates of $1,850 for 2 BDRM and $1,450 for 1 BDRM have been used to develop proforma. By adding ancillary income for parking, etc., the total income is projected to be approximately $2.2 million annually. Total cost of the project including land is estimated to be in the low $20 million range. Town encourages submission of tax abatement, which can now be up to 10 years in CT.