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45-47 Spring Street, Ossining, NY 10562

Free-market apartments sit above a street-level laundromat in a renovated mixed-use building.

Property Size2,829 SF
Price / SF$1,590
Days on Market6

Property Features for 45-47 Spring Street

General Information

Standard status Active
Size 2,829 SF
Property subtype Mixed Use

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 12 x 1BR
Multifamily Units 12

Additional Details

Floor Ground

Building Details

Year Renovated 2008
Buildings 1
Listing Agency: NorthEast Private Client Group Shelton
Listed By: Karl Hasselrot · License #CT
Source: Crexi
Added: Sep 10 Changed: Sep 12 Last Checked: Sep 15 at 6:11AM

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 NorthEast Private Client Group Shelton

Investment Insights

Based on property information with market context.

This mixed-use property combines 12 one-bedroom free-market apartments with a 2,829-square-foot street-level laundromat. The apartments are not subject to rent stabilization, and residents pay gas heat, hot water, and electricity. The owner covers apartment water and sewer, while the laundromat pays its own water and sewer costs.

A comprehensive renovation was completed in 2008, including replacement of the roof, siding, windows, HVAC systems, electrical systems, and gas and electric meters. Apartment interiors feature modern kitchens and bathrooms, hardwood flooring, and imported stone finishes.

The property is located in Ossining, approximately 30 miles north of Manhattan. Regional access includes Metro-North Hudson Line service to Grand Central Terminal in about 45 minutes, along with connections via U.S. Route 9, Route 133, Route 134, and the Governor Mario M. Cuomo Bridge. Downtown Ossining includes historic architecture, independent restaurants, local retail, waterfront parks, and the Sing Sing Kill Greenway.

Key Highlights

  • 12 one‑bedroom free‑market apartments not subject to rent stabilization
  • 2,829‑square‑foot street‑level laundromat
  • Gut renovation completed in 2008

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Storage Facility Catering Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,160
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Free-market apartments sit above a street-level laundromat in a renovated mixed-use building.
Where is this mixed-use property located?
The property is located at 45-47 Spring Street Ossining, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 12 one‑bedroom free‑market apartments not subject to rent stabilization; 2,829‑square‑foot street‑level laundromat; Gut renovation completed in 2008
More about this property
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