25 N Malcolm ST Active

Ossining,NY 10562

$ 3200000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY845365

Originating Board onekey2

Rental Info No

Year Built 1928

Annual Tax Amount $45,729

Lot Size 4.220 Acres

Acres 4.22

Property Sub-Type Multi Family

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

Elementary Schools Contact Agent

Middle Schools Anne M Dorner Middle School

High Schools Ossining High School

School District Ossining

Others

Special Listing Condition None

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