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32 Hudson River Lane
About This Property
Imagine leaving Manhattan, hopping on Metro-North, and arriving at Manitou Pt. From there, it's a short trip to your front door. And then, right out back, you're at your own private dock, ready to take off on the Hudson River. No car required, no planning needed. Just effortless access to the water and a lifestyle that feels a world away from the city.
The home itself is a fully renovated, thoughtfully designed two-bedroom cottage that blends simplicity with serious infrastructure. In 2016, it was taken down to the studs and rebuilt with durability and longevity in mind. Every detail was considered, from relocating all mechanicals to a custom second-floor mechanical room, to high wind-rated, tinted windows, double-sleeve well construction, blown insulation, and a whole-house generator. It's a home built not just to enjoy, but to last.
The 90-foot seasonal dock (Army Corps and DEC approved) is the centerpiece, an increasingly rare feature that transforms how you live here. Morning coffee by the water, spontaneous sunset boat rides, weekends spent exploring the river, it's all right outside your door.
Location-wise, it doesn't get much better. Just north of the Bear Mountain Bridge and minutes to the charm of Cold Spring, you're surrounded by some of the Hudson Valley's best hiking, dining, and culture. Trails like Anthony's Nose and Castle Rock are nearby, along with destinations like the Russel Wright Design Center, Magazzino Italian Art, the Hudson Valley Shakespeare Festival, and the Cold Spring Farmers Market.
Take Metro North to your front door, or drive, just 42 miles from the George Washington Bridge. For those who've been waiting for something truly special on the Hudson River, this is it.
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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%.
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 |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Listed by Compass Greater NY, LLC | $1,250,000 | |
| Listed by Compass Greater NY, LLC | |||
| Aug 3, 2012 | Sold | ||
| Sold | |||
| May 4, 2012 | Listed by Compass Greater NY, LLC | $395,000 | |
| Listed by Compass Greater NY, LLC | |||
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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017