Renovated Professional Office
For Sale
Contact for pricing
23-25 Spring Street #107B, Ossining, NY 10562
The unit includes shared access to common areas and two bathrooms, with building access by elevator.
Property Size1,950 SF
Price / SF$0.31
Days on Market23
Property Features for 23-25 Spring Street #107B
General Information
Standard status
Active
Size
1,950 SF
Elevators
Yes
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
common areas
shared bathrooms
intercom system
camera security system
handicap accessibility
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 8
Changed: Oct 30
Last Checked: Oct 30 at 2:06AM
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 Neil Charles Real Estate
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Investment Insights
Based on property information with market context.
Unit 107B is a renovated professional office in a building with elevator and handicap access. Occupants can use common areas and two shared bathrooms, and utilities are included in the rent. The building has intercoms at its front and rear entrances and a camera security system.
At 23-25 Spring Street in downtown Ossining, the office is across from the library and post office and next to Chase Bank. Municipal parking is steps away.
At 23-25 Spring Street in downtown Ossining, the office is across from the library and post office and next to Chase Bank. Municipal parking is steps away.
Key Highlights
- Renovated office unit in downtown Ossining
- Two shared bathrooms and common‑area access
- Elevator and handicap‑accessible building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,861
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,220
$597.2K
Cap Rate 7%
$426,586
$426.6K
Cap Rate 9%
$331,789
$331.8K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$53.6K $27.48/SF
− Vacancy
−$13.8K −$7.06/SF
EGI
$39.8K $20.42/SF
− OpEx
−$10.0K −$5.10/SF
NOI
$29.9K $15.31/SF
Area
Westchester County, NY
Vacancy
25.70%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,220
Cap Rate 7%
$426,586
Cap Rate 9%
$331,789
Alternative Uses
Best Use
Office B
$426.6K
$373.3K – $497.7K
NOI $29,861 @ 7.0% cap · market cap 4,976.83%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$589.0K
$515.4K – $687.2K
NOI $41,232 @ 7.0% cap · market cap 6,872.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The unit includes shared access to common areas and two bathrooms, with building access by elevator.
Where is this office unit located?
The property is located at 23-25 Spring Street #107B Ossining, NY.
What are key features of this property?
This property features: Renovated office unit in downtown Ossining; Two shared bathrooms and common‑area access; Elevator and handicap‑accessible building
