Multifamily Building with River
For Sale
$8,500,000
Pending
80 main Street, Ossining, NY 10562
Three-story multifamily building with 25 units and parking.
Property Size29,805 SF
Days on Market986
Property Features for 80 main Street
General Information
Standard status
Pending
Size
29,805 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$80,217
Building Details
Building Size
29,805 SF
Year Built
2018
Listing Agency:
Coldwell Banker Realty
Listed By:
Barry Synnott · License #30SY0598079
(914) 907-5487
Source:
Bagshawre
Added: Jan 24, 2024
Changed: Sep 25
Last Checked: Oct 5 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This three-story multifamily building contains 25 units, including 11 one-bedroom units, 11 two-bedroom units, and 3 three-bedroom units. Three of the one-bedroom units are designated as affordable housing. The property includes 32 parking spaces. Individual storage spaces are located in the basement. Each unit is separately metered for electric. The building utilizes gas heat. The property overlooks the Hudson River. Additional amenities include storage.
Key Highlights
- Overlooks the Hudson River
- 25 Units: Featuring a mix of 1, 2, & 3 Bedroom Apartments
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$511,208
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,224,160
$10.2M
Cap Rate 7%
$7,302,971
$7.3M
Cap Rate 9%
$5,680,089
$5.7M
Market Conditions
NOI Build-Up for 29,805 SF
Gross rent
$983.6K $33.00/SF
− Vacancy
−$54.1K −$1.82/SF
EGI
$929.5K $31.19/SF
− OpEx
−$418.3K −$14.03/SF
NOI
$511.2K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,224,160
Cap Rate 7%
$7,302,971
Cap Rate 9%
$5,680,089
Alternative Uses
Best Use
Apartment 5plus
$7.30M
$6.39M – $8.52M
NOI $511,208 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$9.00M
$7.88M – $10.50M
NOI $630,211 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 10562, NY
34,252
Population
12,745
Households
2.7
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
2,537
Density / Sq Mi
$113,069
Median Household Income
$53,499
Median Earnings
$2,118
Median Rent
$486,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily building with 25 units and parking.
Where is this apartment building located?
The property is located at 80 main Street Ossining, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Overlooks the Hudson River; 25 Units: Featuring a mix of 1, 2, & 3 Bedroom Apartments; Built in 2018
