80 Main St Ossining, NY 10562

Property Details for 80 Main St

Year built

2018

Property size

29,805 SF

Property type

Commercial real estate

Description

This exceptional Class A multifamily property, located at 80 Main St, Ossining, NY 10562, presents a compelling investment opportunity. Built in 2018, this three-story building boasts 29,805 square feet, with 20,883 square feet of net rentable space. The property features 25 units: 11 one-bedroom, 11 two-bedroom, and 3 three-bedroom apartments, offering a diverse mix of living spaces. Amenities include a gym and a community room. Currently listed at $8,500,000 ($340,000 per unit and $285.19 per square foot), this represents a strong value proposition. While a retaining wall at an adjacent property collapsed in the past, resulting in a temporary shutdown for foundation inspection, engineers confirmed the building's foundation is sound and structurally undamaged. The current owner is completing the retaining wall repair, anticipated for summer 2024, at which point a new Certificate of Occupancy will be issued. The building is in excellent condition and ready for occupancy upon completion of the wall repair. This is a rare opportunity to acquire a high-quality, well-located multifamily asset in Westchester County with significant upside potential. The property is currently for sale by owner.