400 Executive BlvdOssining, NY 10562

Property Details for 400 Executive Blvd

Lot size

2.16 AC

Property type

Office properties

Property subtype

Office buildings

APN

554289 80.20-1-19

APU

5542898020119

Description

This exceptional 2.16-acre office building, located at 400 Executive Boulevard in Ossining, NY, presents a compelling investment opportunity or a suitable 1031 exchange property. Currently 100% leased, the building enjoys a prime location within a well-maintained office park setting. Its zoning classification, O-RB (Office-Research and Business), allows for a diverse range of potential uses and tenants. The property's strong occupancy rate ensures a stable and predictable income stream for investors. The building's excellent condition minimizes immediate capital expenditure needs, maximizing return on investment. This multi-tenanted structure offers a diversified portfolio of tenants, mitigating risk associated with single-tenant occupancy. The property's strategic location in Ossining, NY, provides convenient access to major transportation routes and amenities, enhancing its appeal to both tenants and investors. Detailed financial information and lease agreements are available upon request. This is a rare opportunity to acquire a high-performing, fully leased office building in a desirable location. Serious inquiries only. The asking price is $6,299,000. Don't miss this chance to add a valuable asset to your investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $15,555,887

  6.5%

  $14,359,281

  7%

  $13,333,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,293,799

  Geo Method

  $12,293,799

• Alternative Use

  Use

  Valuation

  Residential

  $17,805,508

  Hospitality

  $16,309,750

  Educational

  $13,569,520

  Medical

  $14,036,197

  Retail

  $21,108,142

Location Insight

City

Ossining

County

Westchester

State

New York

Latitude

41.183

Longitude

-73.8569

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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