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57 Steuben Road
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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 |
|---|---|---|---|
| Jun 29, 2026 | Listed by Coldwell Banker Realty | $15,000 | |
| Listed by Coldwell Banker Realty | |||
| Jun 18, 2026 | No longer available | - | |
| No longer available | |||
| Dec 17, 2025 | Listed by Coldwell Banker Realty | $19,000 | |
| Listed by Coldwell Banker Realty | |||
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Tucked along a quiet stretch of Steuben Road in Garrison, NY, this .303-acre parcel offers a rare opportunity for a buyer who understands land, zoning, and long-term potential. Set within the R-40 zoning district, the property measures approximately 60 feet of road frontage and is being sold strictly as is, with no existing approvals in place. This is not a turnkey building lot — and that’s exactly what makes it interesting. At just under one-third of an acre, the parcel will most likely require a variance to support residential development. For the right buyer, builder, or investor, this represents a chance to step into a project with eyes wide open and create value through proper planning, zoning review, and town-level approvals. Parcels like this don’t appeal to everyone — but for those who understand the process, they often present some of the most rewarding opportunities. The surrounding area reflects the charm Garrison is known for: mature trees, established homes, and a strong sense of place within the Hudson Highlands. The location offers privacy and character while still being convenient to major routes, Metro-North, and the natural beauty that draws people to this part of Putnam County. This property is best suited for a buyer who is comfortable doing due diligence, working with local professionals, and engaging with the zoning and variance process. Whether the end goal is a modest residence, a long-term hold, or a carefully designed home that fits the neighborhood, the potential lies in the vision — not in prepackaged approvals. Vacant land with road frontage in Garrison is increasingly scarce. Opportunities like this don’t come with guarantees — they come with possibilities. For those willing to navigate the path forward, 57 Steuben Road offers a blank canvas in one of the Hudson Valley’s most desirable communities.
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| Aug 10, 2007 | Sold | ||
| Sold | |||
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About Putnam
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$5,000 /mo
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$6,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017