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    89 Highland Ave Ossining, NY 10562

    • Land
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Birch Brook Manor Inc / Apartment Building
    • KJ Photography / Photographer

    Property Details for 89 Highland Ave

    Lot size
    1.12 lot acres
    Property type
    Land

    Description

    Exceptional investment opportunity awaits in Ossining, New York. This 1.12-acre commercial land parcel, located at 89 S Highland Ave (APN 420309700700000000002400007), presents a unique chance to develop a five-unit townhouse complex. The site plan has already received approval, making this a truly shovel-ready project, poised for immediate construction. Access is conveniently provided via Wolden Road. Situated in a highly desirable area of Ossining, known for its strong community and excellent amenities, this property offers developers a streamlined path to a profitable venture. Detailed site plans and floor plans are available for review upon request, providing comprehensive information to support informed decision-making. This is a rare opportunity to capitalize on the thriving Ossining market; don't miss out on this exceptional development prospect. The asking price for this prime commercial land is $975,000. The property's location is in Westchester County, NY, zip code 10562.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ossining
    County
    Westchester
    State
    New York
    Longitude
    -73.8599
    Latitude
    41.1548

    Comparable in this City

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      Aqueduct St

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      $350,000
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      2 Broad Ave

      SHOW ROOM, WAREHOUSE • 0.14 Acres
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    • Value Estimation
      $295,000
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      Croton Ave

      COMMERCIAL (GENERAL) • 0.11 Acres
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    • Value Estimation by Request
      0.10 Acres

      Highland Ave

      COMMERCIAL (GENERAL) • 0.10 Acres
      Highland Ave, Ossining, NY 10562
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    • Value Estimation by Request
      6,576 SF

      45 Yale Ave

      Commercial real estate • 6,576 SF
      45 Yale Ave, Ossining, NY 10562
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    • Value Estimation
      $800,000
      0.13 Acres

      139 Highland Ave

      SHOW ROOM, WAREHOUSE • 0.13 Acres
      139 Highland Ave, Ossining, NY 10562-3304
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Existing Building

      Land available with a 5,000 SF building.
      51 Central Ave, Ossining, NY 10562
      View Details
    • $2,850,000

      Commercial Land Available For Sale

      Commercial land for sale in Ossining, NY.
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    • $2,100,000
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      Ossining Land with Hudson Views

      Land planned for 48-unit building with Hudson River views.
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      Ossining Multifamily Investment Opportunity

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      Partially Wooded Ossining Acreage

      1.69 acre partially wooded residential lot for sale.
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      Vacant Land in Ossining, NY

      Level vacant lot suitable for single or two-family home.
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    Similar Nearby for Lease

    • $1,975 /Mo
      1,266 SF

      Downtown Ossining Mixed-Use Space

      Versatile space with natural light and accessible overhead door.
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      Renovated Apartment with Hudson Views

      Fully renovated apartment with Hudson River views and modern amenities.
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      Ossining Warehouse/Garage Space Available

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    • New
      $500 /Mo
      4,356 SF

      Updated Office Space in Ossining

      Updated office space in downtown Ossining, close to transportation.
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    • Contact for pricing
      450 SF

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      450 SF office space for rent in Ossining, NY.
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    • $1,875 /Mo
      3,855 SF

      Historic Office Space in Ossining

      Downtown office space with exposed brick, close to transportation.
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      View Details
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    89 Highland Ave
    Ossining, NY 10562
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    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
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