45-47 Spring Street

Located in Westchester County, approximately 30 miles north of Manhattan, Ossining, NY is a historic Hudson River village experiencing a strong period of revitalization and reinvestment. Blending riverfront access, transit connectivity, and architectural heritage, Ossining is emerging as one of the most dynamic small communities along New York’s Hudson Valley corridor. Ossining offers excellent regional and commuter access. The Metro-North Hudson Line provides express train service to Grand Central Terminal in about 45 minutes, positioning Ossining as an attractive location for residents commuting to New York City. Major roadways, including U.S. Route 9, Route 133, and Route 134, connect the village to key employment centers such as White Plains, Yonkers, and Tarrytown, as well as the Governor Mario M. Cuomo Bridge (Tappan Zee) for access to Rockland County and New Jersey. Ossining’s downtown core is undergoing a transformational revitalization, supported by a $10 million Downtown Revitalization Initiative (DRI) grant awarded by New York State. The DRI is funding a series of major public and private improvement projects designed to: • Enhance walkability and connectivity between the waterfront, Main Street, and the train station • Create new public plazas and gathering spaces • Support historic building preservation and adaptive reuse • Expand arts, culture, and community facilities • Improve streetscapes, green infrastructure, and multimodal transportation This coordinated investment is expected to stimulate additional private development, retail activity, and residential demand, reinforcing Ossining’s position as a growing hub for mixed-use, transit-oriented living. Downtown Ossining features a vibrant historic district with 19th-century architecture, independent restaurants, and local retail. The community is bordered by the Hudson River waterfront, home to Louis Engel Park, Henry Gourdine Park, and the Sing Sing Kill Greenway, offering residents riverfront recreation and year-round events. The village’s diversity, creative community, and access to nature make it highly appealing to young professionals, families, and active retirees seeking a balance between urban convenience and small-town charm.Northeast Private Client Group is pleased to present the exclusive opportunity to purchase 45-47 Spring Street, Ossining, NY. 45-47 Spring Street is a free market mixed-use property consisting of 12 one-bedroom apartments and a 2,829 square foot street level laundromat. All 12 apartments are free market and not subject to rent stabilization. Tenants are responsible for gas heat and hot water, and electricity. Landlord is responsible for water and sewer for the apartments, while the laundromat pays their own water and sewer. The property was gut-renovated in 2008. At that time, all major cap-ex items were completed. Brand new HVAC and electric systems were installed, including new gas and electric meters. The entire envelope was also replaced – new roof, new siding and all new windows. All units feature modern kitchens and bathrooms, hardwood floors and imported stone throughout. This is a true turn-key property with plenty of upside in the rents. A new owner can increase rent by around 20% on average.