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$ 2,850,000
Est. payment /mo
Price Dropped by $350K
25 N Malcolm ST Ossining, NY 10562
4.22 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 845365
Rental Info No
Year Built 1928
Annual Tax Amount $45,729
Lot Size 4.220 Acres
Acres 4.22
Property Sub-Type Multi Family
Source onekey2
Property Description
A picturesque 4.22 acre site with majestic Hudson river views. It is a residentially zoned site improved with two connected buildings. This is currently a T-Zone 2 family zone. There exists a conditional approved plan by the Town of Ossining for a replacement and expansion of the nursing home consisting of 90 beds plus 64 parking spaces and 5 handicapped spaces dating back to 2017. However, this plan has now expired. From a 2020 appraisal report, a potential subdivision can be approved and completed for an estimated 11 finished lots, which reflects the necessary provisions for roadways and infrastructure under T; Two-Family zoning or 51 apartments under the extraordinary assumption of MF-1; Multi-Family zoning. Existing non confirming lot, may not be in effect. A rezone is possible through a process called change of use. Current Gross Building area of 37,143 SF with macadam surface parking for 32 vehicles. A 2020 appraisal available upon request. The building had been occupied by Victoria Home for Aged British Men & Women for over a century. The 49-room Victoria Home Skilled Nursing and Rehabilitation facility is now closed. Located along the Hudson RIver 50 min from NYC Ossining is a culturally diverse, affordable place to live, rich in both history and natural beauty. Easy access to public transportation, Bee Line Bus and Metro North service the area. A rare opportunity for a fabulous new development.
Location
State NY
County Westchester County
Interior
Heating Electric, Oil
Cooling Ductless
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View River, Trees/Woods
Total Parking Spaces 32
Building
Lot Description Landscaped, Near Public Transit, Near School, Near Shops, Private, Views, Waterfront
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Middle Schools Anne M Dorner Middle School
High Schools Ossining High School
Others
Special Listing Condition None
Listed by Julia B Fee Sothebys Int. Rlty
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