THE PROPERTY ATTRIBUTES:

The below is supplied by the owner of the Peacedale Property for your information. The proposed Peacedale Village development encompasses approximately 300 acres owned by 5 individual owners who have commissioned a master plan that conceptually has been constructed by Brewer Engineering of East Greenbush New York. They are designing the properties around a comprehensive traffic and infrastructure plan, as well as projected placement of residential, commercial and some clean light industrial uses in appropriate areas.

1. Located in the precise center of the Northeast. Approximately 15 miles south east of the State Capital of New York.
2. Located on a major double interstate 1-87- and I-90
3. Approximate population within a 1 hours drive, 5,000,000
4. Approximate population within a 15 minute drive, dead center of 5 affluent rural Townships Schodack, Kinderhook, the Chathams, Southern areas of East Greenbush and Stuyvesant, 100,000 plus
5. Present owner owns approximately 1/3, 100 acres of the 300 acre envelope. We have carved out a 63 acre parcel that resides on one deed, as well as a 4+ acres parcel and a 30 Acre parcel. We are marketing this 63 acres as a starter commitment to reduce the upfront costs of a developer, but yet this commitment after a generous study period will in fact virtually lock in the entire 300 acre envelope. The master plan developed conceptually approved by DOT as well as the demands of the Town as it relates to the planned development zoning that the envelope resides in. The 63 acre ownership controls access to the other 200 plus plus acres because the 63 acres fronts most of the other property therefore a developer that controls the 63 acres essentially controls the 300 therefore avoiding land costs until they have hard commitments sewed up.
6. A developer with a track record will be considered regarding a cost free initial commitment for a generous period of time, 18 months to 2 years with an option period to follow. We do not expect a developer to purchase any of the property until they are assured of the viability. A due diligence agreement will be expected from the developer during this period and to be negotiated.
7. The 300 acre envelope is separated from the balance of the Town and residential opposition.
8. NYS DOT studies have been made and basic road accesses have been established regarding access distances for traffic control. These studies have assisted Brewer Engineering to create a tentative master plan of the entire 300 acres. Available on request.
9. The Town of Schodack in a previous master plan has designated a location on the envelope in one of the highest locations in the Town and area for a Town Water tank somewhere in the neighborhood of 500,000 gallons.
10. Preliminary studies by a prominent capital district engineering firm that have been made regarding the use of an approximately 10 acre area on the northwest lower part of the property for a low cost sewage gray water area, using on site septic with the possibility of a package sewer plant in the future.
11. There are 3 rental sources on the property, a commercial building on the road, an 8 unit apartment house as well as a residence that would generate income to carry the property. There could be 25 gs to 35 net income. Increased taxes would not kick in for years as title will not pass immediately.
12. To the south of the 300 acre envelope is approximately a 500 acre piece of land owned by Japanese. We believe it is referred to as the Kinderhook Country club. They have built an 18 hole private golf course with plans for another 18. We believe that this golf course will be planned around residences. We believe they would join the 300 acre envelope effort in some way if approached as the major water storage would be an attraction to them and give them the ability to increase on site lot density.
13. A previous interest Charles Louria, Capital Development had an option on a portion of the envelope that included all of our property and our neighbor to the south west. They spent a great deal of capital preparing the property, wet land studies, placement of the various commercial uses etc. using the services of CT Male. These studies and plans are available. The project was presented to Wall-Mart and Lowe’s, but lost out to a decision to expand a existing facility approximately 20 miles to the south of Peacedale in Hudson N.Y.
14. On our property maps you will see Peacedale Road that could be used in a development. There is a large power dedication 13.2 Kv as well as optical cable on this road. The cost of these attributes along with the construction of the road if it is to be retained would go into the hundreds of thousands of dollars and some estimates for these improvement have been a million dollars or more.
15. Total municipal road frontage. There is approximately 3,000 lineal feet of road frontage on Route 9. There is approximately 3,000 lineal feet of road frontage on the Peacedale Town Road that bisects the middle of the property on the west side of the Rt. 9. Now both of these roads are times two as the frontage is on both sides, consequently the 6,000 ft. times two is 12,000 lineal feet. Add to this the approximately 4,000 ft. one side across from the golf course on Rt. 32. This gives the envelope a grand total of approximately 16,000 lineal feet of road frontage translated into 3 miles.
16. Conservation easement potential.
17. Owner cooperation regarding the timing of a 1031 need of the buyer.
18. Area has attracted may metropolitan second home buyer, since the 9-11 threat and most have considered the general area as a sanctuary and safe area away from the potential of civil unrest as we have recently witnessed in many place of the world as the financial issues unravel.
19. The approach visibility factor as there is 5 vehicular approaches to the Peacedale property. There is the one coming down I-90 before you exit at 12. There is the traffic going by on the Berkshire Section going east and then there is the traffic going west from the Mass Pike that either stays on the Berkshire section and continues over the river on to the N.Y. Thruway and all three approaches have visibility to the Peacedale property before, I am going to repeat this BEFORE exit and with plenty of stopping distance to make the decision to exit. The other 2 approaches are on Route 9 in front of the property to make up the 5 vehicular approaches.
20. Price is open to negotiation. Developers who are serious and are willing to spend some serious due diligence and develop this property even if it is after I am long gone with get an offer from us that they cannot refuse. Let me repeat we are not looking for speculators to buy this property. We are looking for a developer that will be serious about turning this area into a viable asset for the community.

If you would like more information on this property, please call JOHN WALLACE at 518-392-7062 or click on the mailbox below to obtain a informational package.