5 Units in Ossining! 8.28 CAP RATE! 7.9 GRM. Solid Cash Flowing Building. 5 Free Market Apartments, 100% Occupied, with Long Term Tenants. There is additional upside in increasing rents, several lease terms coming due, and a vacant 3-bay garage/workshop. Opportunity to purchase with 204/206 Spring Street for a 10 UNIT Package Sale.
Multi-familyProperty Type
1900Year Built
6,813 sq ftLot Size
$224Price/Sq.Ft.
1 garage spacesParking
Listing by Devin McCrossan• Keller Williams Realty Partner
Contact: 914-874-8588
Bought with Arber Balidemaj• Keller Williams Realty Partner
Five units, three 1 bedroom, one 2 bedroom and one studio. $1,059, $1,390, $1,337.Studio $1,250 and two bedroom $1,781. Gross Income $82,236. GRM 7.7 Good cash flow excellent investment opportunity.
HGMLS #3116086
Oct 24, 2014
Sold
$320,000
$107/sq ft
Oct 24, 2014
Price Changed
$320,000
$107/sq ft
Jul 10, 2014
Price Changed
$337,000
$112/sq ft
Dec 3, 2013
Contingent
—
Dec 1, 2013
Delisted
—
Jul 2, 2013
Contingent
—
Jul 1, 2013
Relisted
—
Jun 24, 2013
Delisted
—
Nov 19, 2012
Contingent
—
Jun 25, 2012
Relisted
—
May 24, 2012
Delisted
—
Nov 15, 2011
Contingent
—
Nov 15, 2011
Relisted
—
Nov 15, 2011
Price Changed
$337,000
$112/sq ft
Nov 10, 2011
Price Changed
$346,000
$115/sq ft
Oct 14, 2011
Price Changed
$385,000
$128/sq ft
May 23, 2011
Listed
$425,000
$142/sq ft
Five Unit in Ossining. Fully Occupied. Owner pay heating expense. Two car detached garage with income potential. Parking for up to 6 cars. Short sale Approved will close within 30 Days CASH BUYER ONLY Ossining Schools
Public Records
Jun 6, 1991
Sold
$50,000
$17/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$21,221 (+0.1%)
$264,600 + $394,600
$659,200
2025
$21,192 (−5.9%)
$264,600 + $394,600
$659,200
2024
$22,525 (+4.9%)
$264,600 + $386,700
$651,300
2023
$21,465 (−3.6%)
$256,900 + $375,800
$632,700
2022
$22,270 (+35.1%)
$229,300 + $351,200
$580,500
2021
$16,479 (+36.7%)
$218,400 + $334,900
$553,300
2020
$12,054 (−26.1%)
$218,400 + $247,300
$465,700
2019
$16,320
$218,400 + $167,400
$385,800
2018
$218,400 + $167,400
$385,800
2017
$210,000 + $150,900
$360,900
2016
$210,000 + $150,900
$360,900
2014
$4,200 + $21,100
$25,300
2013
$4,200 + $21,100
$25,300
2012
$4,200 + $21,100
$25,300
2011
$4,200 + $21,100
$25,300
2010
$4,200 + $21,100
$25,300
2009
$4,200 + $21,100
$25,300
2008
$4,200 + $21,100
$25,300
Tax history for 188 Spring St
Year
Property tax
Land + Additions
Assessment*
2026
$21,221 (+0.1%)
$264,600 + $394,600
$659,200
2025
$21,192 (−5.9%)
$264,600 + $394,600
$659,200
2024
$22,525 (+4.9%)
$264,600 + $386,700
$651,300
2023
$21,465 (−3.6%)
$256,900 + $375,800
$632,700
2022
$22,270 (+35.1%)
$229,300 + $351,200
$580,500
2021
$16,479 (+36.7%)
$218,400 + $334,900
$553,300
2020
$12,054 (−26.1%)
$218,400 + $247,300
$465,700
2019
$16,320
$218,400 + $167,400
$385,800
2018
$218,400 + $167,400
$385,800
2017
$210,000 + $150,900
$360,900
2016
$210,000 + $150,900
$360,900
2014
$4,200 + $21,100
$25,300
2013
$4,200 + $21,100
$25,300
2012
$4,200 + $21,100
$25,300
2011
$4,200 + $21,100
$25,300
2010
$4,200 + $21,100
$25,300
2009
$4,200 + $21,100
$25,300
2008
$4,200 + $21,100
$25,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
5
Stories
—
Lot width
47 ft.
Lot depth
136 ft.
Lot size
6,813
Year renovated
—
Sq. Ft.
3,000
Year built
1900
Style
Multi-Family (5+ Unit)
County
Westchester County
APN
554203A09700700050580000000
Parking Spaces
5
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Oct 5, 2021.
T
Two-Family Residence District
To maintain the character, scale and density of existing two-family neighborhoods in the Village of Ossining consistent with the protection and promotion of public health, safety and general welfare.; To encourage property owners to maintain and improve their properties in keeping with the character of the surrounding neighborhood.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Public service
Recreation
Property details
Parking
Parking Information
Parking Total: 5
Parking Features: Detached, Private
Garage Information
Garage Spaces: 1
Has Garage
Interior
Heating & Cooling
Cooling: None
Heating: Electric, Baseboard
Bathroom Information
Bathrooms Full: 5
Multi-Family Financial Information
Owner Pays: Insurance
Exterior
Property Information
Property Sub Type: Multi Family
Financial
Tax Information
Tax Annual Amount: $15,823
Location
School Information
Elementary School: Call Listing Agent
Elementary School District: Ossining
Middle Or Junior School: Anne M Dorner Middle School
Middle Or Junior School District: Ossining
High School: Ossining High School
High School District: Ossining
Location Information
County Or Parish: Westchester
Utility Information
Sewer: Public Sewer
Public facts
Beds: 5
Baths: 5.0
Sq. Ft.: 3,000
Stories: —
Parking Spaces: 5
Basement: No
Accessible: No
Lot Size: 6,813 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Westchester County
APN: 554203A09700700050580000000
HOA Dues: —
Garage: Yes
Features: —
Home facts updated by owner on Oct 5, 2021
Around this home
Schools
Park School
Public PreK-K • Assigned • 0.1mi
Anne M Dorner Middle School
Public 6-8 • Assigned • 1.1mi
6/10
Ossining High School
Public 9-12 • Assigned • 0.4mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 100° expected this year, 16 days in 30 years
4/10 Wind Factor
24% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Ossining, NY • 10562
Average low and high temperatures (°F)
34
22
37
23
54
35
63
43
71
53
82
63
87
69
82
61
77
58
67
47
54
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.7 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.