Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
General Contractor Renovation Specialist
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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