First-Floor Rental
For Sale
Contact for pricing
74 Yale Avenue, Ossining, NY 10562
The 700-square-foot unit includes a living room, galley kitchen, and full bathroom.
Property Size700 SF
Price / SF$4.43
Days on Market29
Property Features for 74 Yale Avenue
General Information
Standard status
Active
Size
700 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
large yard
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Oct 2
Changed: Oct 28
Last Checked: Oct 28 at 3:20PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
This first-floor rental unit occupies part of a private house at 74 Yale Avenue in Ossining. Its 700 square feet include a living room, two bedrooms, a full bathroom, and a galley kitchen. The landlord provides water and heat; the tenant is responsible for electricity, cooking gas, cable, Wi-Fi, lawn care, and snow removal.
Shopping, dining, parks, places of worship, and the Hudson River waterfront are nearby. The property also has access to SUNY Westchester Community College and Metro-North’s Hudson Line, with service to Grand Central Terminal taking approximately one hour depending on the train schedule.
Shopping, dining, parks, places of worship, and the Hudson River waterfront are nearby. The property also has access to SUNY Westchester Community College and Metro-North’s Hudson Line, with service to Grand Central Terminal taking approximately one hour depending on the train schedule.
Key Highlights
- 700‑square‑foot first‑floor rental unit
- Two bedrooms, living room, full bathroom, and galley kitchen
- Located at 74 Yale Avenue in Ossining, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,006
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,120
$240.1K
Cap Rate 7%
$171,514
$171.5K
Cap Rate 9%
$133,400
$133.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$23.1K $33.00/SF
− Vacancy
−$1.3K −$1.82/SF
EGI
$21.8K $31.19/SF
− OpEx
−$9.8K −$14.03/SF
NOI
$12.0K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,120
Cap Rate 7%
$171,514
Cap Rate 9%
$133,400
Alternative Uses
Best Use
Apartment 5plus
$171.5K
$150.1K – $200.1K
NOI $12,006 @ 7.0% cap · market cap 387.29%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$211.4K
$185.0K – $246.7K
NOI $14,801 @ 7.0% cap · market cap 477.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,114
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 700-square-foot unit includes a living room, galley kitchen, and full bathroom.
Where is this multifamily property located?
The property is located at 74 Yale Avenue Ossining, NY.
What are key features of this property?
This property features: 700‑square‑foot first‑floor rental unit; Two bedrooms, living room, full bathroom, and galley kitchen; Located at 74 Yale Avenue in Ossining, NY
