139 Highland Ave, Ossining, NY 10562-3304
This exceptional Ossining, NY property presents a unique investment opportunity. The building, located at 139 N Highland Ave, offers a vacant 850,000 USD first-floor retail space (formerly a custom cabinetry showroom/office) ready for immediate occupancy. The space boasts a convenient loading dock and garage, complemented by three outdoor parking spaces. The building's infrastructure includes gas heat (with separate boilers for each floor), central air conditioning in the showroom/office area, and window units in the apartment. Three-phase power is also available. A significant income stream is generated by a long-term tenant occupying the second-floor three-bedroom apartment, currently paying $2,500 per month. The apartment tenant is responsible for all utilities except water. This property is situated within Ossining's T-zoning district, offering diverse development possibilities. The combination of a vacant, adaptable retail space and a consistently income-producing apartment makes this a compelling investment prospect with strong potential for future growth and return. The property is being offered at 850,000 USD. The size of the lot is not specified.
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Trotta Custom Cabinetry General Contractor Renovation Specialist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.