25 N Malcolm Street, Ossining, NY 10562

$2,850,000
  • 25 N Malcolm Street, Ossining, NY 10562 Main Photo

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Pending
MLS#845365
STATUSPending PROPERTY TYPECommercial - SCHOOLOssining

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.

25 N Malcolm Street | MLS# 845365

This commercial property located at 25 N Malcolm Street, Ossining, NY 10562 is currently listed for sale with an asking price of $2,850,000. N Malcolm Street is located within the Ossining school district. Search Ossining real estate on www.fsrec.com today.

Property Features

Property Type: Commercial -
Cooling: Ductless
Heating: Electric, Oil
Lot Size: 4.22 Acres
Stories: 3.0
Taxes: $45,729
Year Built: 1928

Feature Descriptions

Building Area Total: 37000
Days on Site: 227
Exterior: Brick
Lot Features: Landscaped, Near Public Transit, Near School, Near Shops, Private, Views, Waterfront
On Market Date: 2025-04-15
Parcel Number: 4203-089-019-00000-000-0011-000-0-1
Parking Total: 32
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Seller Concession: Yes
Sewer: Public Sewer
Special View Info: River, Trees/Woods
Units: 2
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: Ossining High School
Middle School: Anne M Dorner Middle School
School District: Ossining

Listed By / Shown By

Listing By

Agency Name: Julia B Fee Sothebys Int. Rlty
Agency Contact: 914-967-4600

Shown By

Agency Title: Four Seasons Real Estate Center
Agency Phone:

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