Multi-Family Income
45-47 Yale Avenue Ossining, NY 10562
45-47 Yale Avenue, Ossining, NY, 10562
$2,260,000
For Sale
$2,260,000
Eight-unit multifamily building offered for sale on Yale Avenue in Ossining.
Property Size6,576 SF
Price / SF$343.67
Days on Market1163
Property Features for 45-47 Yale Avenue
General Information
- Standard status
- Active
- Size
- 6,576 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1902
Listing agency
Blu Wave Ventures
(201) 380-1700
Listed by
Joseph Kohn
(201) 380-1700
Source
Compass
Added: May 17, 2023 Updated: Jul 21 at 5:37PM Checked: Jul 21 at 5:37PM
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 Blu Wave Ventures
Investment Insights
Based on property information with market context.
This offering includes an eight-unit multifamily property located at 45-47 Yale Avenue in Ossining, NY. The building is presented as an income-producing residential investment, and the listing provides the unit count as the primary operational detail.
The property is identified through its address on Yale Avenue in Ossining, and the transaction is marketed as a for-sale opportunity.
Prospective buyers can evaluate the building’s eight-unit configuration and rental income potential directly through a property visit and review of available financial and operating information.
The property is identified through its address on Yale Avenue in Ossining, and the transaction is marketed as a for-sale opportunity.
Prospective buyers can evaluate the building’s eight-unit configuration and rental income potential directly through a property visit and review of available financial and operating information.
Key Highlights
- Eight‑unit multifamily building for sale on Yale Avenue in Ossining
- 6,576 sq ft living area (square feet)
- No common walls
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.0k | $33.00 |
| − Vacancy | −$11.9k | −$1.82 |
| EGI | $205.1k | $31.19 |
| − OpEx | −$92.3k | −$14.03 |
| NOI | $112.8k | $17.15 |
6,576 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,790 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.99M
$1.74M – $2.32M
NOI $139,046 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily building offered for sale on Yale Avenue in Ossining.
Where is this apartment building located?
The property is located at 45-47 Yale Avenue Ossining, NY.
What is the asking price?
The asking price for this property is $2,260,000.
What are key features of this property?
This property features: Eight‑unit multifamily building for sale on Yale Avenue in Ossining; 6,576 sq ft living area (square feet); No common walls
