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Mixed-Use

Orchid Condominium

73 Spring St, Ossining, NY 10562

Listing Price: $2,750,000

Cap Rate
5.44%
Number of Units
9
Occupancy
77.8%
Price/Unit
$305,556
Price/Gross SF
$260.00
Gross SF
10,577

Investment Overview

Marcus & Millichap is pleased to present this proposal for the sale of seven residential and two commercial (retail) units located in the four story, 26 residential and two retail unit building known as the Orchid Condominium built in 2008. The offering consists of five large one-bedroom and two large two bedroom apartments, as well as the occupied retail space on the ground floor of Spring Street. The units are well appointed with marble counter tops in the kitchens, stainless steel appliances, and in unit washer/dryers. Building amenities include a gym and on site surface parking. Ossining is located on the Hudson River in Westchester County and is a spirited town with a rich history, stunning natural beauty, and charming homes in a range of architectural stylings. From the bustling Main Street shops and eateries to the peaceful parks strewn throughout town, Ossining offers a wealth of venues and activities for every mood. Just a short train ride away from New York City, Ossining affords residents simple commutes and travels via major highways and public transportation. Home to a diverse population, it is brimming with opportunities to sample international cuisine and learn about various cultures. Options for outdoor recreation abound in Ossining at Louis Engel Waterfront Park, Croton Point Park, and Teatown Lake Reservation. The Orchid Condominium is close to shopping and accessible to major highways as well as the Ossining Metro North train station which is one-half mile (10 minute walk) from the property.

Investment Highlights

  • Oversized well appointed units
  • On site Parking
  • Close to shopping and transportation

Exclusively Listed By

Financing By

Mixed-Use

Orchid Condominium

Listing Price: $2,750,000

Cap Rate
5.44%
Number of Units
9
Occupancy
77.8%
Price/Unit
$305,556
Price/Gross SF
$260.00
Gross SF
10,577

Investment Highlights

  • Oversized well appointed units
  • On site Parking
  • Close to shopping and transportation

Investment Overview

Marcus & Millichap is pleased to present this proposal for the sale of seven residential and two commercial (retail) units located in the four story, 26 residential and two retail unit building known as the Orchid Condominium built in 2008. The offering consists of five large one-bedroom and two large two bedroom apartments, as well as the occupied retail space on the ground floor of Spring Street. The units are well appointed with marble counter tops in the kitchens, stainless steel appliances, and in unit washer/dryers. Building amenities include a gym and on site surface parking. Ossining is located on the Hudson River in Westchester County and is a spirited town with a rich history, stunning natural beauty, and charming homes in a range of architectural stylings. From the bustling Main Street shops and eateries to the peaceful parks strewn throughout town, Ossining offers a wealth of venues and activities for every mood. Just a short train ride away from New York City, Ossining affords residents simple commutes and travels via major highways and public transportation. Home to a diverse population, it is brimming with opportunities to sample international cuisine and learn about various cultures. Options for outdoor recreation abound in Ossining at Louis Engel Waterfront Park, Croton Point Park, and Teatown Lake Reservation. The Orchid Condominium is close to shopping and accessible to major highways as well as the Ossining Metro North train station which is one-half mile (10 minute walk) from the property.

Exclusively Listed By

Financing By

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