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Lakeside Multifamily Development Site Hits the Market in the Yorktown, NY hamlet
of Mohegan Lake
A prime ±4.6-acre lakeside development site with lake frontage, Route 6 visibility, and multifamily/mixed-use zoning has just been brought to market in the Yorktown, NY hamlet of Mohegan Lake, offering a rare opportunity for builders and investors in northern Westchester.
Located at 1860 East Main Street, the parcel is in close proximity to the Cortlandt Town Center, Cortlandt Crossing, major supermarkets, and local retail. The property features over 50 feet of frontage along Route 6 and offers direct access to Mohegan Lake. Mohegan Lake offers year-round recreation including swimming, kayaking, canoeing, fishing and ice skating. With gently sloping topography and full public water and sewer infrastructure in place, it presents an increasingly rare combination of natural setting and development-ready conditions in this part of Westchester County.
Currently zoned for multifamily and mixed-use development, the site is well suited for a variety of residential configurations, including townhomes, stacked flats, or a lifestyle-oriented 55+ community. Conceptual layouts support up to 45 residential townhouse units, with the potential to incorporate a retail component of approximately 3,000 square feet —adding flexibility and long-term value for developers.
“With lake access, Route 6 frontage, and infrastructure already in place, this is one of the most compelling multifamily development sites to hit the Yorktown market in years,” said Kenneth Lefkowitz of Houlihan Lawrence Commercial, who is exclusively representing the property with Garry Klein, Regional Manager of Houlihan Lawrence Commercial. “You almost never see a lakeside parcel with zoning in place for multifamily or mixed-use in this area. It checks every box for developers looking to bring a high-end, lifestyle-driven product to market.”
Mohegan Lake and the surrounding Yorktown/Cortlandt region have seen consistently strong residential demand, fueled by limited new housing inventory and a growing base of move-up buyers and downsizing homeowners. Home values in the area now average over $500,000, with steady, above average appreciation driven by market pressure and desirable quality-of-life features. The site’s location—just minutes from the Taconic State Parkway, the Peekskill or Croton Harmon MetroNorth Stations, and an abundance of national retailers and healthcare providers—makes it attractive to a broad demographic of residents, including commuters, young professionals, and retirees.
The parcel’s flexible zoning, strategic location, and natural advantages give developers multiple paths forward. Whether developed as luxury townhomes, a 55+ residential enclave, or a more dynamic mixed-use concept, the property’s appeal is supported by strong fundamentals.
As supply constraints continue to limit new housing development throughout northern Westchester, 1860 East Main Street stands out as a rare housing development opportunity. With its unique blend of lakeside access, infrastructure readiness, and regional growth, it’s the kind of project that rarely comes along—and one that’s well-positioned to meet Westchester’s evolving housing needs.
