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81 Steuben Road
About This Property
This is an ideal opportunity for a buyer ready to conduct due diligence, engage local professionals, and design a home that complements the setting. Whether the goal is a primary residence, a weekend retreat, or a long-term investment, the value here lies in the zoning compliance, location, and scarcity of vacant land in this part of Putnam County. Opportunities to acquire conforming R-10 land with road frontage in Garrison are increasingly limited. 81 Steuben Road offers a clean slate - one where thoughtful planning and vision can translate into lasting value in one of the Hudson Valley's most enduring communities.
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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 3, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | In contract | - | |
| In contract | |||
| Dec 17, 2025 | Listed by Coldwell Banker Realty | $39,000 | |
| Listed by Coldwell Banker Realty | |||
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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017