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124 Cedar Lane
About This Property
The primary suite features a walk-in closet, and two additional bedrooms share a hall bathroom. Downstairs, a family room with a wood-burning fireplace and a versatile bonus room with a half bath add even more room to spread out. From a new roof and siding to replacement windows and solar panels, this home has been thoughtfully upgraded from top to bottom and a long driveway with a two-car garage means parking and storage are covered too. The location is just as impressive: less than 5 minutes to the Croton-Harmon and 7 minutes from Ossining Metro-North stations, with easy highway access and nearby gems like Teatown Nature Preserve, Cedar Lane Park, and the Hudson River, plus local shops and restaurants. Loved for years by its family, this home offers room to grow, space for pets, and quiet moments with nature, a rare opportunity in a truly desirable commuter location.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Sold | ||
| Sold | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Listed by Houlihan Lawrence Inc. | $749,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Jul 7, 2017 | Sold | ||
| Sold | |||
| Apr 4, 2016 | Listed by William Raveis Legends Realty | $439,000 | |
| Listed by William Raveis Legends Realty | |||
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Come see this great house located on 1.41 lovely acres with mature trees and a .50 acre building lot at the lower end of the property. The lot has been legally subdivided and BOH approved. Live in the existing structure on .91 acres and consider building on the half acre lot or holding onto it for an investment. The existing house has 3-4 bedrooms, a covered porch off the dining room, a wonderful stone fireplace in the family room, Central AC and hardwood floors. The house is conveniently located less than 5 minutes from Croton Harmon RR station for an easy commute to NYC. Taxes do not reflect STAR savings of $1921. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017