1343 and 1357 Lincoln Terrace, Peekskill, NY, 10566 | $35,000

Some places don’t shout—they whisper. That’s the kind of place Lincoln Terrace is. And tucked along its gently curving line, nestled between older homes and unbuilt patches of green, sit two overlooked gems: 1343 and 1357 Lincoln Terrace. Together, these residentially zoned parcels total 0. 3707 acres, offered as a package for just $35, 000. To the untrained eye, it might seem like just another pair of wooded lots. But to the right person, these side-by-side slices of land speak volumes. The lots are raw and full of potential—quietly resting under a canopy of maple and oak, with a soft slope that gives just enough topography to inspire an architect’s imagination. There’s something naturally framed about the space—an openness that calls to be shaped into a home, or two, or perhaps a private retreat surrounded by trees and sky. What makes these lots more compelling isn’t just the price—though $35, 000 for both is enough to make any investor pause—it’s the story of what could be. Here, you’re buying more than square footage. You’re buying a start. Back in the 1960s, the area was slated for a wave of development. Foundations were poured. Roads were drawn. But plans shifted, the world moved on, and a few parcels—like 1343 and 1357—were left untouched. While others built and grew, these lots remained still, catching the morning sun and holding onto their quiet potential. They’ve been passed over not for lack of value, but for lack of vision. Today, the neighborhood is a blend of old charm and new energy. Residents walk dogs, tend to gardens, and chat across driveways. There’s a quiet pride here—an understanding that while the world races ahead, some places are best left to grow slowly, intentionally. And that’s the beauty of these two lots. Together, they offer a chance to create something meaningful without breaking the bank. Whether it’s a thoughtfully designed home nestled between the trees or a pair of rental cottages, the zoning supports residential use, and utilities aren’t far. With careful planning, this could be an affordable foothold in a growing community or the start of a lasting legacy. Some buyers chase what’s flashy. Others, what’s finished. But the wise ones? They know the value of land that’s been waiting. Waiting for the right hands. The right dream. The right moment. Standing at 1343, you can look toward 1357 and imagine a gravel path curving through the lots, or a fire pit where neighbors gather under string lights. The land doesn’t just hold promise—it offers peace. A place to slow down. To start fresh. At $35, 000, it’s more than a deal—it’s an invitation. The kind that doesn’t stay open long. Because eventually, someone will walk the land, feel the stillness, and see exactly what’s possible.

Features

  • Elem. School: Contact Agent
  • Middle School: Peekskill Middle School
  • High School: Peekskill High School
  • School District: Peekskill
  • MLS#: 852879
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/852879/1343and1357lincolnterrace_peekskill_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Coldwell Banker Realty   Phone: 914-245-3400

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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1343 and 1357 Lincoln Terrace, Peekskill, NY, 10566

$35,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $28,000 $28,000 $28,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.995% 7.037% 6.046%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $175 $184 $233
Total Monthly Payment $250 $259 $308

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.