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165 & 172 River Road
About This Property
Feel the tranquility and elegance the minute you step inside. Its double door entry with period etched glass doors, 2 fireplaces, beautiful Douglas fir floors - overall in great shape, panel doors, original wavy glass windows, floor to ceiling windows and bay windows, all give the home its unique character and personality. There are two large verandas off the back of the house facing the Hudson, and more. One can easily walk to the old rail trail that runs over 10 miles, just a few doors away off Station Lane.
This home started out as a summer residence in the 1850s for the Briggs family, and was expanded along the way and used as a boarding house during the 1900s. Alahambra features 3 levels of living space with full size windows and doors and a finished attic level with wainscotting and plumbing; and a walk out cellar with access to the river. The property features two lots; on the riverside find lot #172, which was a double lot years ago, and with variances could possibly be sub-divided again. The separate lot directly across the street is #165, featuring an old carriage house used as a 3 to 4 car garage. This lot is .24 of an acre. The village of Grandview permits lots .25 acres or more to be a building lot for a home. With a variance, this could perhaps be a separate building lot as well.
Alahambra-On-Hudson, has always attracted attention because of its beautiful architecture and Hudson River front setting. Two paintings of the home will go to the new owner along with a old detailed photograph of the front door/porch. Electrical has been updated to 200 amp, a new, efficient boiler was installed not too long ago and roofs replaced. The home has endless opportunities! Villages of Piermont and Nyack are close by. With permission of the Army Corp, one could possibly build a dock and more. Find your one of one! Alahambra-On-Hudson!
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What does this mean?
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.
How is cap rate calculated?
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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Listed by Ellis Sotheby's Intl Realty | $2,495,000 | |
| Listed by Ellis Sotheby's Intl Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017