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Lot 20 Traverse Road
About This Property
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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.
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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 4, 2026 | Relisted | $9,000 | |
| Relisted | |||
| Aug 12, 2026 | In contract | - | |
| In contract | |||
| Jun 29, 2026 | Listed by Coldwell Banker Realty | $9,000 | |
| Listed by Coldwell Banker Realty | |||
| Jun 18, 2026 | No longer available | - | |
| No longer available | |||
| Dec 17, 2025 | Listed by Coldwell Banker Realty | $12,000 | |
| Listed by Coldwell Banker Realty | |||
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Tucked along Traverse Road in the Lake Peekskill community, Lot 20 offers a rare opportunity to own vacant land with lake rights in one of northern Westchester’s most established lake neighborhoods. The parcel measures approximately .20 acres and features about 62 feet of road frontage, providing direct access and a clear physical presence along the street.
The property is located within the LP (Lake Peekskill) zoning district, where a minimum of 2 acres is required to build without a variance. As such, this lot has no existing approvals and would require zoning relief for residential development. It is being offered as a project for a buyer who understands the realities of land, due diligence, and the local approval process. What makes this parcel compelling is not just the land itself, but the lake rights to Lake Peekskill—a highly desirable amenity that adds lifestyle and long-term value. Residents enjoy access to swimming, boating, and the sense of community that lake living provides, something that cannot be recreated or expanded over time. Lake rights in this area are finite, and vacant parcels that include them are increasingly difficult to find. Surrounded by established homes and mature surroundings, the setting reflects the character and charm that has made Lake Peekskill a sought-after destination for both full-time residents and weekend homeowners. The location offers a balance of quiet living with convenient access to major roadways, nearby towns, and Metro-North. This is not a turnkey building lot, but rather an opportunity rooted in vision and potential. For a buyer willing to engage with the zoning process, explore design options, and invest in thoughtful planning, Lot 20 Traverse Road represents a chance to secure land with lake access in a community where opportunities like this are becoming increasingly scarce.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017