25 Cedar St Dobbs Ferry, NY 10522
- Apartment buildings
Current Use by Public Records
- Cardtronics ATM / Atm
- Cocoa Tree Chocolates / Ice Cream Shop / Chocolate Artisan
- Anthony's Masonry / Masonry Contractor
Property Details for 25 Cedar St
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a four-unit apartment building located at 25 Cedar Street in the heart of Dobbs Ferry Village, New York, 10522. Situated between Broadway and Main Street, this Class B property offers unparalleled convenience, with easy walking access to the train station and a vibrant array of local restaurants. The building itself is a three-story structure situated on a 9,148 square foot lot. Currently featuring four residential units, this property presents a compelling value-add opportunity. The units can be delivered vacant, providing immediate flexibility for the new owner. A significant upside potential exists with the possibility of creating a legally permitted fifth unit in the basement, substantially increasing the property's value and rental income. The building offers a strong 7.95% cap rate, making it an attractive investment for those seeking a solid return. This is a rare chance to acquire a well-located multifamily property in a desirable Westchester County location with significant potential for future growth and enhanced profitability. The asking price for this prime investment is $1,399,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dobbs Ferry
- County
- Westchester
- State
- New York
- Longitude
- -73.8717
- Latitude
- 41.0153
