38 Main StOssining, NY 10562

Property Details for 38 Main St

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-maintained Class B apartment building at 38 Main St, Ossining, NY 10562, presents a compelling investment opportunity. The property boasts four residential units, none subject to rent regulation, currently leased on month-to-month agreements, offering flexibility for the new owner. The building comprises three two-bedroom units and one one-bedroom unit. Situated on a 24ft x 102ft lot, its strategic location between Water St and Secor Rd provides convenient access to amenities and transportation. The asking price is $950,000, representing a price per unit of $237,500. The property enjoys a strong 7.80% cap rate with a Net Operating Income (NOI) of $78,222. Its zoning is designated SP-n. The building's proximity to the Ossining Hudson Line Train Station (two blocks away) adds significant appeal to potential tenants. This multifamily investment offers a solid return and potential for future appreciation in a desirable Westchester County location. The property is located in Ossining, NY, zip code 10562.

Location Insight

City

Ossining

County

Westchester

State

New York

Latitude

41.1795

Longitude

-73.8537

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