228 N Washington St, Sleepy Hollow, NY 10591
Versatile, renovated bi-level building in Sleepy Hollow's vibrant district.
- Added:
- Apr 24, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 24 at 8:30 pm
Property Features for 228 N Washington St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agent Michael L. Rackenberg (973) 609-2105
Listing office HOULIHAN LAWRENCE INC. (973) 609-2105
Listing date Apr 24, 2026
Source Elliman
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
- Prime location in the vibrant river town district of Sleepy Hollow with a 'Very Walkable' score of 90.
- Completely renovated and in turnkey condition, ready for immediate use.
- Versatile C2 zoning (Business Office and Commercial) allows for a variety of uses.
- Spacious 5,000 sq ft building with two levels, each approximately 2,500 sq ft.
- Features include high ceilings, exposed beams, a stage, a full bar, and a commercial kitchen.
- Extensive renovations include new ADA‑compliant bathrooms on both levels, updated plumbing and electrical systems, and code‑compliant fire protection.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sleepy Hollow
- County
- Westchester
- State
- New York
- Longitude
- -73.8604515
- Latitude
- 41.0843209