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    Renovated Versatile Building in Sleepy Hollow Title is generated by Realmo AI

    228 N Washington Street, Sleepy Hollow, NY 10591

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    Claim this Listing
    For Sale
    $1,500,000

    Turnkey, renovated bi-level building in Sleepy Hollow's vibrant district.

    Type:Commercial
    Property size:
    5,000 SF
    Price / SF:
    $300/SF
    Added:
    Apr 13, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 14 at 7:07 am

    Property Features for 228 N Washington Street

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

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    Listing Contact
    THOMAS C. HENNESSY
    THOMAS C. HENNESSY

    Listing agent THOMAS C. HENNESSY

    Listing office HOULIHAN LAWRENCE INC.

    Listing date Apr 13, 2026

    Source Corcoran

    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 HOULIHAN LAWRENCE INC.

    HighLights

    • Completely renovated, turnkey condition, ready for immediate occupancy or use.
    • Versatile C2 zoning (Business Office and Commercial) in the vibrant Sleepy Hollow river town district.
    • Approximately 5,000 sq ft with a flexible open floor plan.
    • Extensive renovations since 2017, including new plumbing, electrical, ADA‑compliant bathrooms, and code‑compliant fire protection.
    • Unique features include 12‑foot ceilings, exposed beams, and a small stage.
    • Includes a full bar, commercial kitchen, and office space.

    Overview

    This completely renovated, versatile, and energy-efficient bi-level building is located in the vibrant river town district of Sleepy Hollow. The open floor plan features 12-foot ceilings and exposed beams. The building is in turnkey condition and currently used as a pop-up event space, but the zoning is C2 (Business Office and Commercial). The structure is 1 1/2 stories high, with the lower level partially below grade. The building has two levels, each approximately 2,500 square feet. Constructed of steel and concrete, it covers most of the lot, with small open areas to the east (rear), south, and west (front). The upper level features a fully renovated open space measuring around 1,800 square feet, with high ceilings and exposed steel beams. It includes a small stage of 150 square feet, a renovated entry foyer, a large new ADA-compliant bathroom, an office, stairs, and a maintenance room. The fully renovated lower level contains an event room with a full bar measuring about 1,200 square feet, a new commercial kitchen, an electrical room, stairs, a small storage area, and new ADA-compliant bathrooms for both men and women. Since 2017, the building has undergone extensive investment and restoration, including code-compliant fire protection for the exit stairs, accessible bathrooms on each level, updated existing bathrooms, and replaced plumbing and electrical systems. The exterior was restored, and all areas of this former VFW building, approximately 5,000 square feet, were thoroughly renovated.

    Local Financial Insights For Specialty Retail

    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 $120.0k $24.00
    − Vacancy −$5.4k −$1.08
    EGI $114.6k $22.92
    − OpEx −$28.7k −$5.73
    NOI $86.0k $17.19
    5,000 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,950 @ 7.0% cap · market cap 5.73%
    Second Best
    Industrial
    $1.01M
    $887.4K – $1.18M (±1% cap)
    NOI $70,988 @ 7.0% cap · market cap 4.73%
    Theoretical Best
    Retail
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,722 @ 7.0% cap · market cap 7.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Veterans of Foreign Wars Advocacy Group Café Gol Hotel & Motel Riverside Events Hotel & Motel Alexander C. Rus, ... Consultant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sleepy Hollow
    County
    Westchester
    State
    New York
    Longitude
    -73.8604515
    Latitude
    41.0843209

    FAQs

    What type of property is this?
    Wedding venue - Turnkey, renovated bi-level building in Sleepy Hollow's vibrant district.
    Where is this wedding venue located?
    The property is located at 228 N Washington Street Sleepy Hollow, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Completely renovated, turnkey condition, ready for immediate occupancy or use.; Versatile C2 zoning (Business Office and Commercial) in the vibrant Sleepy Hollow river town district.; Approximately 5,000 sq ft with a flexible open floor plan.
    More about this property
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