54-66 Ramble Hill Ln, Millbrook, NY 12545
32-acre Millbrook estate approved for hospitality overlay district.
- Added:
- Apr 27, 2026
- Days on Market:
- 48
- Last Refresh:
- Apr 27 at 10:41 pm
Property Features for 54-66 Ramble Hill Ln
General Information
- Standard status
- Active
- Size
- 7,330 SF
- Lot size
- 32.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent Claudia Jiskra License #REB.0791807 (914) 447-3761
Listing office McGrath Realty Inc (914) 447-3761
Listing date Apr 27, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of McGrath Realty Inc
HighLights
- Approved for Hospitality Overlay District: Allows use as an inn with up to 40 rooms and accessory uses.
- Potential for Diverse Development: Zoning allows for 17 single‑family or two‑family homes, or other uses.
- Historic Crawford Farm Estate: A 32‑acre Gilded Age property with a 9‑bedroom, 8‑bath mansion built in 1900.
- Modern School Building: Includes a 7,330 SF, 6‑classroom school building constructed in 2005.
- Self‑Sufficient Infrastructure: Features a 100,000‑gallon water cistern and on‑site water and sewage treatment plants.
- Strategic Location: Situated in Millbrook, NY, with two access points and proximity to Route 44, the Taconic State Parkway, and a Metro North train station.
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.9k | $30.00 |
| − Vacancy | −$23.1k | −$3.15 |
| EGI | $196.8k | $26.85 |
| − OpEx | −$78.7k | −$10.74 |
| NOI | $118.1k | $16.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millbrook
- County
- Dutchess
- State
- New York
- Longitude
- -73.70745
- Latitude
- 41.776665