Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23 Leonard St Ossining, NY 10562

    Sponsored
    For Sale
    $279,900

    COMMERCIAL - Ossining, NY

    Lot size:
    0.03 Acres
    Days on Market:
    50
    Last Refresh:
    Feb 1 at 1:06 am

    Property Features for 23 Leonard St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    VC
    APN
    4203-089-019-00000-000-0005-000-0-4
    Lot size
    0.03 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Energy Star Qualified Equipment (Heating)
    Cooling system
    Electric, ENERGY STAR Qualified Equipment
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    1
    Building materials
    Clapboard

    We can help!

    Listing Contact
    Eric Schatz

    Schatz Realty Group (914) 941-7564

    Listing agent Eric Schatz

    Listing date Dec 14, 2025

    MLS# H6253280

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Opportunity in Ossining, NY

    This commercial property in Ossining, NY, offers a versatile space suitable for various business operations. The first floor, previously utilized by a plumber and electrician, is adaptable for retail purposes or pet-related services. The second floor includes a kitchenette and a bedroom-sized changing room. The property features a full mechanical upgrade, including top-of-the-line electric heat and air conditioning. The zoning is VC. The lot size is 0.03 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ossining
    County
    Westchester
    State
    New York
    Longitude
    -73.8627603
    Latitude
    41.1626834

    Nearby Similar for Sale

    • $799,000
      1,368 SF

      Ossining Legal Three-Family Home

      Legal 3-family in Ossining, close to transportation and waterfront.
      143 N Highland Ave, Ossining, NY 10562
      View Details
    • New
      $799,000
      Pending

      Ossining Legal Three-Family Home

      Legal 3-family in Ossining, prime location near transportation.
      143 N Highland Ave, Ossining, NY 10562
      View Details
    • New
      $899,000
      Pending

      Spacious Three-Family Home in Ossining

      Three-story home with finished basement, ideal for multi-family living.
      25 William St, Ossining, NY 10562
      View Details
    • New
      $899,000
      0.07 Acres

      Restored Two-Family Brick Building

      Restored two-family in Ossining, near Metro North and Main Street.
      131 Spring St, Ossining, NY 10562
      View Details
    • New
      $799,000
      Pending

      Charming Two-Family Home in Ossining

      Spacious two-family home with income potential in Ossining, NY.
      139 Spring St, Ossining, NY 10562
      View Details
    • $689,000
      Pending

      Multifamily Home in Ossining, NY

      Fully occupied multifamily home on oversized lot with long-term tenants.
      15 Ferris Pl, Ossining, NY 10562
      View Details
    • $629,900
      Pending

      Colonial Two-Family Dwelling in Ossining

      Two-family colonial in Ossining near village center and transportation.
      90 Broadway, Ossining, NY 10562
      View Details
    • $579,000
      0.13 Acres

      Finished Office Space with Exposure

      Two-story office building with high visibility and ample parking.
      99 Croton Ave, Ossining, NY 10562
      View Details
    • $899,000
      1.01 Acres

      Ossining Commercial Property on Route 9

      High-visibility commercial building with flexible zoning and ample parking.
      320 N Highland Ave, Ossining, NY 10562
      View Details
    • $399,222
      Pending

      Ossining Duplex with Renovation Potential

      Two-family home in Ossining, NY, ideal for renovation and investment.
      22 William St, Ossining, NY 10562
      View Details
    • $240,000

      Ossining Condo Near Train Station

      Convenient 2-bedroom condo near train, restaurants, and waterfront park.
      135 Main St, Ossining, NY 10562
      View Details
    • $385,000

      Spacious Apartment with Hudson Views

      Two-bedroom apartment with Hudson River views and updated amenities.
      16-1 Rockledge Ave, Ossining, NY 10562
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building suitable for retail or service businesses.
    Where is this retail space located?
    The property is located at 23 Leonard St Ossining, NY.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: - First floor suitable for operating a business such as plumbing, electrical, retail, or pet-related.; - Full mechanical upgrade with top-of-the-line electric heat and A/C.; - Energy Star qualified heating and cooling equipment.
    (914) 941-7564
    Request Owner's contact information
    23 Leonard St Ossining, NY 10562
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23 Leonard St
    Ossining, NY 10562
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Leonard St Ossining, NY 10562
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eric Schatz
    (914) 941-7564
    Learn more
    Google sign-in failed. Please try again or use another login method.