Hudson River View Development
For Sale
$2,850,000
Pending
25 N Malcolm Street, Ossining, NY 10562
4.22-acre site with development potential and Hudson River views.
Property Size37,143 SF
Lot Size4.22 Acres
Days on Market494
Property Features for 25 N Malcolm Street
General Information
Standard status
Pending
Size
37,143 SF
Lot size
4.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$45,730
Amenities
Central air
Ductless Cooling
Electric Heating
Near Public Transit
Oil Heating
Private
Views
Waterfront
Building Details
Year Built
1928
Listing Agency:
JULIA B FEE SOTHEBYS INT. RLTY
(914) 967-4600
Listed By:
BONNIE STEIN
Source:
Corcoran
Added: Apr 15, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:45AM
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 JULIA B FEE SOTHEBYS INT. RLTY
Investment Insights
Based on property information with market context.
This 4.22-acre residentially zoned site offers views of the Hudson River. It is improved with two connected buildings and is currently zoned for two-family use (T-Zone). A previously approved plan from 2017 for a replacement and expansion of a nursing home, consisting of 90 beds, 64 parking spaces, and 5 handicapped spaces, has now expired. According to a 2020 appraisal report, a potential subdivision could be approved for an estimated 11 finished lots, reflecting provisions for roadways and infrastructure under the current zoning, or 51 apartments under the assumption of multi-family zoning. The existing lot may be non-conforming. A rezone is possible through a change of use process. The current gross building area is 37,143 square feet, with macadam surface parking for 32 vehicles. A 2020 appraisal is available upon request. The building was formerly occupied by the Victoria Home for Aged British Men and Women for over a century, operating as a 49-room skilled nursing and rehabilitation facility, which is now closed. Located along the Hudson River, approximately 50 minutes from New York City, Ossining is noted for its cultural diversity, affordability, history, and natural beauty. The location provides easy access to public transportation, including the Bee Line Bus and Metro North service. This property presents a development opportunity.
Key Highlights
- Picturesque 4.22 acre site with MAJESTIC HUDSON RIVER VIEWS
- Potential for development into 11 finished lots or 51 apartments
- Previously approved plan for a 90‑bed nursing home with 69 parking spaces
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,078
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 4.22-acre site with development potential and Hudson River views.
Where is this residential land & home lot located?
The property is located at 25 N Malcolm Street Ossining, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Picturesque 4.22 acre site with MAJESTIC HUDSON RIVER VIEWS; Potential for development into 11 finished lots or 51 apartments; Previously approved plan for a 90‑bed nursing home with 69 parking spaces
