Hudson River View Development
For Sale
$2,850,000
Pending
25 N Malcolm St, Ossining, NY 10562
4.22 acre site with Hudson River views.
Property Size37,000 SF
Lot Size4.22 Acres
Days on Market165
Property Features for 25 N Malcolm St
General Information
Standard status
Pending
Size
37,000 SF
Lot size
4.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$45,729
Building Details
Building Size
37,000 SF
Year Built
1928
Units
2
Listing Agency:
JULIA B FEE SOTHEBYS INT. RLTY
Listed By:
Bonnie Stein
(914) 262-0915
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:11PM
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 and includes two connected buildings. The property is located in Ossining, approximately 50 minutes from New York City, and is accessible to public transportation, including Bee Line Bus and Metro North. The site is currently zoned for two-family use (T-Zone). A previously approved plan from 2017 for a 90-bed nursing home with 69 parking spaces has expired. According to a 2020 appraisal report, a potential subdivision could be approved for an estimated 11 finished lots under the existing two-family zoning, or 51 apartments under the assumption of multi-family zoning (MF-1). A change of use rezone is possible. The existing gross building area is 37,143 square feet, with macadam surface parking for 32 vehicles. A 2020 appraisal is available upon request. The property was formerly occupied by the Victoria Home for Aged British Men & Women, a 49-room skilled nursing and rehabilitation facility, which is now closed. Ossining is described as a culturally diverse and affordable place to live.
Key Highlights
- Majestic Hudson River views on a 4.22 acre site.
- Potential for development: previously approved plan for a 90‑bed nursing home (now expired), potential subdivision for 11 lots, or 51 apartments (subject to zoning).
- Existing two connected buildings with a gross building area of 37,143 SF.
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 4.22 acre site with Hudson River views.
Where is this residential land & home lot located?
The property is located at 25 N Malcolm St 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: Majestic Hudson River views on a 4.22 acre site.; Potential for development: previously approved plan for a 90‑bed nursing home (now expired), potential subdivision for 11 lots, or 51 apartments (subject to zoning).; Existing two connected buildings with a gross building area of 37,143 SF.
