Hutchinson Road

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Hutchinson Road

Carmel, NY 10512
Asking Price
$50K
Asset Type
Land
Class
Class B

What's Special

Located on Hutchinson Road in Carmel, New York, this undeveloped land parcel sits within a quiet, wooded section of Putnam County. The surrounding neighborhood is characterized by a mix of low-density residential estates and protected natural areas. Essential amenities, including local retail centers, dining, and government services, are situated approximately five miles away in the town’s central business district. The property offers convenient logistical access to Interstate 84 and the Taconic State Parkway, providing a direct connection to Danbury, Connecticut, and the greater Hudson Valley region. The site’s topography and zoning designations make it suitable for private estate development, agricultural use, or conservation initiatives. Ideal occupants would include custom home builders seeking a secluded environment or organizations focused on recreational land management and environmental stewardship. Given the suburban-rural transition of the area, the property appeals to stakeholders looking for significant acreage with proximity to regional transportation corridors. The land provides a versatile footprint for low-impact projects requiring a balance of privacy and accessibility within the New York metropolitan periphery.

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NOI
$80,000
Cap Rate
160.00%
DSCR
26.95
Strong
Cash-on-Cash
513.54%
Monthly Payment
$247.373
Annual Cash Flow
$77,031.527

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