502 Route 9D
About This Property
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Nov 23, 2024 | Relisted | $800,000 | |
| Relisted | |||
| Nov 23, 2024 | No longer available | - | |
| No longer available | |||
| Oct 10, 2024 | Listed by Compass Greater NY, LLC | $800,000 | |
| Listed by Compass Greater NY, LLC | |||
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The scenic hamlet of Garrison in Putnam Valley has long been a refuge from the city with its never-ending natural beauty,
serenity, and home to an abundant amount of non-profit organizations. It’s the perfect gateway town to all the Hudson Valley
has to offer — with amazing access to New York City via MetroNorth. And now you can build your dream home in this sought
after town where inventory of existing homes is more than sparse. Situated on Rt 9D, this 2.8 acres of partially wooded property
has full board health approval and is ready for your vision and inspiration. The property sits at the base of the mountain ridge
where you can find Anthony’s Nose and the Appalachian Trail. And with western exposure you would catch the most beautiful
sunlight all afternoon — not to mention those sunsets over the Hudson River. The property is 5 minutes from the Garrison Train
Station, The Philipstown Depot, Dolly's Restaurant, the Garrison School, The Garrison Library and the Bear Mountain Bridge. 10
minutes Cold Spring and 20 minutes to Beacon. If you are looking for a larger property with multiple buildings for a family
compound, the adjacent lots are also for sale, including over 54 acres protected by a Conservation Easement to the Hudson
Highland Land Trust. Check out MLS#6291867 On the Map this listing is Lots #2 - #7 and the additional lot for sale is Lot #1
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Property Highlights
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Status
Price/ft²
Listed On
Sold On
About Putnam
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,500 /mo
- 3 Beds
- 2 Baths
- 1,881 ft²
$1,500 /mo
- 1 Bed
- 1 Bath
- 750 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017