68 Brook St, Croton-on-Hudson, NY
68 Brook St. Croton-on-Hudson | 2 Units
Marketing description
The subject property at 68 Brook St presents a rare value-add opportunity in the heart of Croton-on-Hudson. Zoned RB (Two-Family Residence District), the property allows for one- and two-family residential use by right, offering a clear and straightforward path for residential repositioning.
Under current zoning, the asset is ideally suited for redevelopment or reconfiguration into a stabilized two-family residence, capitalizing on strong rental demand in this desirable river town.
Investors may also explore expansion, reconfiguration, or alternative layouts consistent with RB bulk and coverage requirements (subject to municipal review and approvals).
Any higher-density residential conversion (three or more units) or mixed-use configuration would require appropriate zoning relief or special approvals from the Village.
Ideally located within close proximity to the Metro-North station, local retail, and the Croton waterfront, the property benefits from strong residential demand and limited supply in this high-barrier-to-entry Westchester submarket.
This is a compelling opportunity for investors seeking a residential value-add repositioning in a prime village location, with additional upside potential subject to zoning approvals.
Investment highlights
- 100% Vacant building
- Vacant lot attached to the property
- Ability to convert to four residential units
- Alternative strategy: renovate lower level retail and configure two 2-bedroom apartments above
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