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Sullivan County, NY · Sold

NY-198789

2480 County Road 292

$2,025,000
$6,323/ac · 320 ac
Acreage320 ac
Price per acre$6,323/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedOct 18, 2024
Coordinates41.6360, -74.7739
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Sullivan County, New York. Upstate and Southern Tier acreage well below downstate expectations.

View Sullivan market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands15.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,736 ft of deeded road frontage.

Power56 ft away

Power at or near the road.

Buildable area257.08 of 320.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,693,689
$1,329,859$2,057,520 · $5,289/ac on 320 ac
Asking vs estimate
+19.6%
Priced above the comp set

Weighted from 5 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $2,025,000
Maximum allowable offer
$967,822
$3,022/ac · +30.0% target margin

You need $1,057,178 off asking to hit this margin.

All-in cost$1,050,087
Net resale$1,558,194
Projected profit$508,107
ROI+48.4%
Annualized+69.2%
Break-even resale$3,564/ac
Profit if resale lands off target
-20%
$196,468
-10%
$352,288
0%
$508,107
+10%
$663,927
+20%
$819,746
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-597211
Gravel · Power at road
102.1Jan 21, 2026$605,9005,9344,4478.1 mi
68
NY-109137
Landlocked · Power at road
412.1Apr 2, 2024$1,678,0004,0727,09412.9 mi
66
NY-558181
Paved · Power at road
206.2Jan 1, 2024$1,289,8006,2565,18910.6 mi
63
NY-277062
Gravel · Off grid
91.7Mar 13, 2025$593,1006,4715,7526.0 mi
61
NY-776216
Dirt · Off grid
49.7Oct 6, 2025$211,9004,2673,76510.8 mi
55
Show adjustment detail for the top comp
  • Tract size (102.1 ac → 320.25 ac)-26.8%
  • Market time (7 mo)+2.4%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.