Listed by ERA Insite Realty
$1,199,000
185 Main Street
Details
APN 4203-089-019-00000-000-0019-000-0
Property Type Mixed Use, Multifamily
Sub Type Restaurant
Square Footage 5,232
Units 2
NOI $98,940
Tenancy Multi
Price per SqFt $229
Year Built 1890
Buildings 1
Stories 3
Acreage 0.050
Investment Type Value Add
Mixed Use | 5,232 SqFt
Marketing description
Mixed-use investment opportunity in the heart of Ossining! This commercial property features a restaurant space plus two residential apartments, offering excellent income-producing potential for investors, owner-operators, or those looking to add value over time. The apartments and building require some updating and repairs, and the pricing reflects the current condition, making this a fantastic opportunity to renovate and maximize returns. Conveniently located near shops, restaurants, transportation, and all that Ossining has to offer, this property presents strong upside potential in a desirable and growing river town community.
Investment highlights
- Mixed-use investment opportunity in the heart of Ossining
- Restaurant space plus two residential apartments
- Excellent income-producing potential for investors, owner-operators, or those looking to add value over time
- Apartments and building require some updating and repairs
- Pricing reflects the current condition
- Fantastic opportunity to renovate and maximize returns
- Conveniently located near shops, restaurants, transportation
- Strong upside potential in a desirable and growing river town community
- Fully Rented Income Generating Building
- Apartments are way below market value due to the fact that they need updating
Listing Contacts
Listed by ERA Insite Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,940.00
$8,245.00/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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