39
Map
2 Briar Lane
About This Property
Mohegan Colony is a private, 25-acre lakeside community on the south shore of Lake Mohegan in Cortlandt Manor. It began in 1923 as an intentional, utopian settlement tied to the Modern Schools movement-at its peak hosting about 300 families who ran their own egalitarian school-before evolving through the mid-20th century. Today, the Association preserves that spirit by maintaining shared amenities including a lifeguarded sandy beach with a diving board, a bathhouse, sports fields, paddle and handball courts, and a children's playground. Winding roads lined with old stone walls frame uniquely styled homes, creating a tranquil, rural ambiance just minutes from shopping, dining, and the Cortlandt Town Center. Activities include a robust social calendar of potlucks, summer lake festivals, Earth Day celebrations, boat races, movie nights, and storytelling concerts to keep the community connected. Mohegancolony.org. Membership is by application.
Please do not enter property without a confirmed appointment - cameras and video surveillance.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Feb 2, 2026 | Sold | ||
| Sold | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Jul 1, 2025 | Listed by North Country Sothebys Int Rlt | $550,000 | |
| Listed by North Country Sothebys Int Rlt | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017