VanAlstyne & Rousseau Team
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Property Description

Legal Two-Family | Income-Producing Opportunity | Sweeping Year-Round Views of Junior LakeRare opportunity to own a beautifully maintained legal multi-unit home in the sought-after Lake Peekskill community of Putnam Valley. Whether you're an investor looking to generate rental income, an owner-occupant hoping to offset your mortgage, or a buyer seeking flexible multi-generational living, this versatile property offers the perfect blend of income potential, comfort, and natural beauty.The main residence welcomes you with a bright, thoughtfully designed floor plan featuring a formal dining room accented by a custom wood ceiling, an updated eat-in kitchen with refreshed cabinetry, stainless steel appliances, breakfast bar seating, tile flooring, and a sunny breakfast nook. The spacious living room is anchored by a picturesque bay window framing sweeping year-round views of Junior Lake, while the primary suite offers a renovated ensuite bath, complemented by additional bedrooms and a second full bath.Designed as a legal apartment, the walkout lower level features two private entrances, a living room, bedroom, renovated full bath, and direct access to an expansive brand-new deck overlooking the backyard and sweeping year-round views of Junior Lake. The apartment was recently used to accommodate extended family, so the stove and refrigerator were removed, and the interior door separating the apartment from the main residence will need to be reinstalled to restore its original configuration. Existing kitchen cabinetry and plumbing remain in place, allowing the next owner to easily reinstall the appliances and door, returning the apartment to its original use.Outside, the property truly shines. Thoughtfully curated perennial gardens, colorful seasonal blooms, mature landscaping, and peaceful outdoor living spaces create a private retreat that's perfect for entertaining, dining al fresco, or simply relaxing while enjoying the tranquil surroundings.Recent improvements include a new septic tank, removal of the underground oil tank, energy-efficient ductless air conditioning on both levels, and a heat pump built into the home's HVAC system.Residents enjoy Lake Peekskill lake rights with swimming, fishing, kayaking, and non-motorized boating, along with easy access to Metro-North, the Taconic State Parkway, Route 6, shopping, dining, and the many outdoor recreational opportunities the Hudson Valley has to offer.Offering income potential, flexible living arrangements, exceptional outdoor living, sweeping year-round vie

18 Sylvan Road | MLS# 1028933

This multi-family property located at 18 Sylvan Road, Lake Peekskill, NY 10537 is currently listed for sale with an asking price of $689,000. Sylvan Road is located within the Putnam Valley school district. Search Lake Peekskill real estate on thevanalstyneandrousseauteam.coldwellbankerprime.com today.

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Open House Sunday July 26th, 12:00pm - 2:00pm

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Crawl Space, Finished, Full
Cooling: Central Air, Ductless
Heating: Heat Pump, Oil
Home Style: Ranch
Lot Size: 0.62 Acres
Taxes: $13,173
Year Built: 1945

Amenities

First Floor Bedroom
Breakfast Bar
Ceiling Fan(s)
Chandelier
Eat-in Kitchen
Formal Dining
In-Law Floorplan
Primary Bathroom
Recessed Lighting
Smart Thermostat
Storage
Walk Through Kitchen
Washer/Dryer Hookup
Garden
Mailbox

Feature Descriptions

Attic: Full, Pull Stairs
Building Area Total: 2502
Exterior: Frame
Flooring: Carpet, Combination, Laminate, Tile, Vinyl
Formal Dining: Yes
Heating Units: 2
Heating Zones: 2
Included In Taxes: Trash
Inclusions: Refrigerator (1), Stove (1), Dishwasher (1), Light Fixtures
On Market Date: 2026-07-22
Other Structures: Shed(s)
Parcel Number: 372800-091-025-0001-013-000-0000
Parking Features: Driveway
Parking Total: 6
Patio And Porch: Deck, Patio
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Separate Electric Meters: 2
Sewer: Septic Tank
Special View Info: Lake, Mountain(s), Neighborhood, Trees/Woods, Water
Units: 2
Utilities: Cable Connected, Electricity Connected, Trash Collection Private
Water: Well
Waterfront Features: Pond

Local Schools

High School: Putnam Valley High School
Middle School: Putnam Valley Middle School
Elementary School: Putnam Valley Elementary School
School District: Putnam Valley

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Estimated Payment

$ 2,832.12 per month $1,533.42 Principal & Interest $1,097.75 Property Tax $200.96 Homeowner's Insurance

Change Payment Information

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years/fixed
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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Coldwell Banker Realty
Agency Contact: 914-277-5000

Shown By

Agent Name: VanAlstyne & Rousseau Team
Agent Phone: (518) 858-3218
Agency Title: Coldwell Banker Prime Properties

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