The station is owned by the Village of Piermont. It is maintained by the Piermont Historical Society which has raised funds for and completed a structural and exterior restoration. The restoration included replacing the missing cupola and roof support timbers. Exterior paint colors were selected based on a period newspaper article describing the then new station. Interior renovations are underway. The station is open to the public on selected dates.[citation needed]
An earlier station at Piermont, no longer in existence, was located on the Piermont Branch, which was originally the main line of the New York and Erie Railroad opened in 1841. It was located on the east side of Piermont Avenue about 200 feet (61 m) north of Paradise Avenue.[7][page needed] As early as 1868 it had only one passenger train a day in each direction.
The opening of Pavonia Terminal in Jersey City, New Jersey, constructed from 1886 to 1889, diverted most of the Erie Railroad traffic southward. By 1892 the Piermont station was for freight only. The 1916 station list does not show it at all.[8][page needed]
Passenger service ended on December 14, 1965 when the Erie Lackawanna Railroad truncated service from Nyack to Sparkill.[3] The railway's right-of-way has been converted into the Old Erie Path multi-use rail trail.[9]