45 Spring St, Ossining, NY 10562

Northeast Private Client Group is pleased to present the exclusive opportunity to purchase 45-47 Spring Street, Ossining, NY.

45-47 Spring Street is a free market mixed-use property consisting of 12 one-bedroom apartments and a 2,829 square foot street level laundromat. All 12 apartments are free market and not subject to rent stabilization. Tenants are responsible for gas heat and hot water, and electricity. Landlord is responsible for water and sewer for the apartments, while the laundromat pays their own water and sewer.

The property was gut-renovated in 2008. At that time, all major cap-ex items were completed. Brand new HVAC and electric systems were installed, including new gas and electric meters. The entire envelope was also replaced – new roof, new siding and all new windows. All units feature modern kitchens and bathrooms, hardwood floors and imported stone throughout. This is a true turn-key property with plenty of upside in the rents. A new owner can increase rent by around 20% on average.