72 Root Lot 3 Avenue
About This Property
Set on 2.4 acres, 72 Root Avenue, Lot 3, offers a rare opportunity to create a custom luxury home in a peaceful, scenic setting directly across from Centennial Golf Club, a renowned 27-hole championship course. Surrounded by open skies and tranquil reservoir views, this homesite delivers both privacy and a sense of connection to the landscape.
With Board of Health approval in place for a 4-bedroom residence, this property is ready for development. Buyers and builders have the flexibility to bring their own architectural plans, collaborate with a preferred builder, or select from thoughtfully designed home models tailored to today's lifestyle. Whether envisioning a modern farmhouse, a classic colonial, or a transitional design, the setting supports a wide range of possibilities.
Strategically located for convenience, Hummingbird Estates offers close proximity to major commuter routes including I-84 and I-684, as well as access to nearby Metro North train stations, providing a streamlined connection to New York City. The location supports both everyday accessibility and long term value, making it an ideal choice for those seeking a balance of space, setting, and connectivity.
This property is also being offered as a to-be-built home, presenting an opportunity to create a residence that reflects your vision while benefiting from new construction efficiencies, modern materials, and customizable design features.
Hummingbird Estates is where vision meets opportunity, a place to design, build, and experience a home that is entirely your own.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Listed by Houlihan Lawrence Inc. | $375,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 18, 2025 | Listed by Corcoran Country Living | $350,000 | |
| Listed by Corcoran Country Living | |||
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Welcome to Hummingbird Estates, where modern meets elegance. A five-lot subdivision encompassing luxury masterpieces. 72 Root Ave (Lot 3), is situated on over two (2.4) acres, across Centennial Golf Club, a 27-hole championship course. This enchanting property enjoys a cloistered yet convenient locale, with an easy reach of Manhattan. Minutes to several highways (I-84, I-684) and Metro-North train stations. Ready to build - the property has BOH approval for a 4-bedroom house. There are endless possibilities on this beautiful lot with reservoir views. Choose one of our other lots, bring your building plans to obtain building permit or use our plans and builder to work with you on your dream home. Three different models to choose from. This lot is also Listed For Sale as a TO BE BUILT home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017