Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    51 Central Ave Ossining, NY

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available with a 5,000 SF building.

    Type:LAND
    Lot size:
    0.80 Acres
    Added:
    Oct 3, 2023
    Days on Market:
    912
    Last Refresh:
    Mar 29 at 10:28 pm

    Property Features for 51 Central Ave

    General Information

    Standard status
    Active
    Lot size
    0.80 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Paul Enea

    Listing agent Paul Enea

    Listing office RM Friedland LLC

    Listing date Oct 3, 2023

    Source Moodyscre

    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 RM Friedland LLC

    Overview

    Land with Existing Building

    This property features land with a 5,000 square foot building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ossining
    County
    Westchester
    State
    New York
    Longitude
    -73.8645
    Latitude
    41.1617

    Nearby Similar for Sale

    • $899,000

      Ossining Commercial Property on Route 9

      High-visibility commercial building with flexible zoning and ample parking.
      320 N Highland Avenue, Ossining, NY 10562
      View Details
    • $779,000

      Charming Colonial Two-Family Home

      Two-family Dutch Colonial in Ossining, close to amenities and transportation.
      15 Marshall Place, Ossining, NY 10562
      View Details
    • $775,000

      Two-Family Home in Ossining, NY

      Two-unit property with rental income potential near Ossining amenities.
      35 Havell Street, Ossining, NY 10562
      View Details
    • $879,000

      Ossining Two-Family Brick Residence

      Two-family brick home in Ossining, near train, income potential.
      131 Spring Street, Ossining, NY 10562
      View Details
    • $279,900

      Retail Opportunity in Ossining, NY

      Commercial building suitable for retail or service businesses.
      23 Leonard Street, Ossining, NY 10562
      View Details
    • $579,000

      Finished Office Space with Exposure

      Two-story office building with high visibility and ample parking.
      99 Croton Avenue, Ossining, NY 10562
      View Details
    • $799,000
      1,368 SF

      Ossining Legal Three-Family Home

      Legal 3-family in Ossining, close to transportation and waterfront.
      143 N Highland Ave, Ossining, NY 10562
      View Details
    • $899,000

      Spacious Three-Family Home in Ossining

      Three-story home with finished basement, ideal for multi-family living.
      25 William Street, Ossining, NY 10562
      View Details
    • $799,000

      Charming Two-Family Home in Ossining

      Spacious two-family home with income potential in Ossining, NY.
      139 Spring Street, Ossining, NY 10562
      View Details
    • $6,299,000

      Leased Office Building Investment Opportunity

      Well-maintained, multi-tenanted office building in a desirable office park.
      400 Executive Boulevard, Ossining, NY 10562
      View Details
    • $435,000
      1,153 SF

      Renovated Home with Hudson River Views

      Move-in ready home with updated features and community amenities.
      7 Hudson Point Lane, Ossining, NY 10562
      View Details
    • $3,500,000
      7,500 SF

      Westchester Warehouse Complex For Sale

      Thriving warehouse complex with income potential in prime Westchester location.
      30-50 Croton River Road, Ossining, NY 10562
      View Details

    FAQs

    What type of property is this?
    Land - Land available with a 5,000 SF building.
    Where is this land located?
    The property is located at 51 Central Ave Ossining, NY.
    What are key features of this property?
    This property features: 5,000 SF Building; Building on land
    (914) 968-8500
    We can help!
    Listing Contact
    Paul Enea
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!