Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    61 Central Ave Ossining, NY 10562

    Sponsored
    For Lease
    $2,500 /Mo

    COMMERCIAL - Ossining, NY

    Days on Market:
    19
    Last Refresh:
    Jan 20 at 9:06 pm

    Property Features for 61 Central Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Laura Krasniqi

    Biagini Realty (845) 238-8182 [email protected]

    Listing agent Laura Krasniqi (914) 486-8387

    Listing date Jan 2, 2026

    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

    Ossining Warehouse/Garage Space Available

    This commercial space, suitable for warehouse or garage use, is located in Ossining. The space features 13-foot ceilings. The space has been approved for a laundromat. Behind the garage is a shared bath and approximately 200 sq. ft. of additional space available for an additional monthly fee. A private bath will be installed along with a finished office. The property is situated near the Ossining Valley Bookstore, with a hair salon renting an attached unit. Main Street, with its shops and restaurants, is located one street over.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Albania American Civic ... Social Services Organization Jeters Car Wash ... Car Wash

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Mini Storage Center

    Location Insight

    • Map
    • Local Demand
    City
    Ossining
    County
    Westchester
    State
    New York
    Longitude
    -73.8639341
    Latitude
    41.161538

    Nearby Similar for Lease

    • New
      $2,600 /Mo
      4,356 SF

      Updated Office Space in Ossining

      Updated office space in downtown Ossining, close to transportation.
      25 Spring St, Ossining, NY 10562
      View Details
    • $1,875 /Mo
      3,855 SF

      Historic Office Space in Ossining

      Downtown office space with exposed brick, close to transportation.
      145 Main St Unit, Ossining, NY 10562
      View Details
    • New
      $1,400 /Mo
      4,356 SF

      Updated Office Space in Ossining

      Updated office space in downtown Ossining, close to transportation.
      25 Spring St, Ossining, NY 10562
      View Details
    • $2,800 /Mo
      16,753 SF

      Retail Space in Ossining, NY

      Retail space available in high-traffic Ossining location.
      192 N Highland Ave, Ossining, NY 10562
      View Details
    • New
      $1,350 /Mo
      4,356 SF

      Updated Office Space in Ossining

      Updated office space in downtown Ossining, close to transportation.
      25 Spring St, Ossining, NY 10562
      View Details
    • New
      $500 /Mo
      4,356 SF

      Updated Office Space in Ossining

      Updated office space in downtown Ossining, close to transportation.
      25 Spring St, Ossining, NY 10562
      View Details
    • $825 /Mo
      3,920 SF

      Ossining Office Space For Rent

      Spacious 2nd floor office in historic Main Street location.
      145 Main St, Ossining, NY 10562
      View Details
    • $1,975 /Mo
      1,266 SF

      Downtown Ossining Mixed-Use Space

      Versatile space with natural light and accessible overhead door.
      195 Main St, Ossining, NY 10562
      View Details
    • $21 SF/Yr
      2,000 SF

      Versatile Retail/Office Space for Rent

      Spacious retail/office space with high visibility and strong traffic flow.
      217 Main St, Ossining, NY 10562
      View Details
    • $3,450 /Mo

      Renovated Apartment with Hudson Views

      Fully renovated apartment with Hudson River views and modern amenities.
      13 Hunter St, Ossining, NY 10562
      View Details
    • $3,200 /Mo

      Renovated Three Bedroom Apartment

      Bright, renovated 3BR apartment with modern amenities in Ossining.
      11 Stone Ave, Ossining, NY 10562
      View Details
    • $6,000 /Mo

      Commercial Space on Route 9

      Versatile 3,200 SF commercial space with on-site parking.
      140 S Highland Ave, Ossining, NY 10562
      View Details

    FAQs

    What type of property is this?
    Warehouse - Large garage/warehouse space with high ceilings in Ossining.
    Where is this warehouse located?
    The property is located at 61 Central Ave Ossining, NY.
    What are key features of this property?
    This property features: - Large garage/warehouse space with 13' ceilings.; - Approved for laundromat use.; - Located in the heart of Ossining.
    (914) 486-8387
    Request Owner's contact information
    61 Central Ave 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.
    61 Central Ave
    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
    61 Central Ave 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
    Laura Krasniqi
    (914) 486-8387
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.