47 Rock Rd N, Carmel, NY 10512

Description

A rare opportunity to acquire approximately 36 acres of income-producing lakefront property just
one hour north of New York City, with convenient access by both car and Metro-North.

The property combines immediate cash flow, substantial acreage, recreational appeal, and
significant long-term development potential.

The compound includes 11 homes, a fully on-grid tiny house, and an Argosy camper. The owner
holds six of the homes outright, while five additional homes occupy the property under land
leases. Together, these assets generate both residential rental income and recurring land-lease
revenue. When fully occupied, the property produces a 7.5% capitalization rate, of...