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Ulster County, NY · Sold

NY-306217

2978 County Road 368

$136,800
$2,753/ac · 49.69 ac
Acreage49.69 ac
Price per acre$2,753/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedFeb 22, 2025
Coordinates41.9085, -74.1637
Loading terrain…
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

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

View Ulster market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
59
High risk
Wetlands30.8% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power5,108 ft away

A long utility run — price in solar/off-grid instead.

Buildable area32.67 of 49.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$177,619
$143,765$211,473 · $3,575/ac on 49.69 ac
Asking vs estimate
-23.0%
Priced below the comp set

Weighted from 7 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 $136,800
Maximum allowable offer
$101,496
$2,043/ac · +30.0% target margin

You need $35,304 off asking to hit this margin.

All-in cost$110,123
Net resale$163,409
Projected profit$53,286
ROI+48.4%
Annualized+69.3%
Break-even resale$2,409/ac
Profit if resale lands off target
-20%
$20,604
-10%
$36,945
0%
$53,286
+10%
$69,627
+20%
$85,968
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-446882
Landlocked · Power at road
80.5Mar 30, 2026$321,7003,9993,8338.5 mi
76
NY-315351
Dirt · Off grid
26.5Sep 16, 2025$141,3005,3243,9171.2 mi
73
NY-586357
Dirt · Full utilities
55.0Jul 25, 2024$235,3004,2792,61510.8 mi
73
NY-904870
Landlocked · Power at road
18.7Oct 13, 2025$92,4004,9353,7102.0 mi
69
NY-124882
Gravel · Power at road
18.9May 3, 2025$167,1008,8444,6082.6 mi
69
NY-547122
Gravel · Off grid
95.7Dec 17, 2024$428,4004,4753,7675.3 mi
66
NY-857379
Dirt · Power at road
115.3Jan 9, 2025$337,3002,9252,5436.3 mi
66
Show adjustment detail for the top comp
  • Tract size (80.45 ac → 49.69 ac)+11.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (5 mo)+1.6%

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.