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255 N Broadway
Sleepy Hollow, New York, United States

Description

Investment opportunity is here in a solid stucco multifamily apartment building in Historic Sleepy Hollow. No dogs or cats are allowed. Convenient walking distance to both the villages of Sleepy Hollow and Tarrytown, to Tarrytown train station (37 min to Grand Central), Old Croton Aqueduct Trail, Philipse Manor Restoration, Rockefeller Estate and Hudson River. Building has new oil heating system (1998), new roof (2010), thermal windows (1995). Five new refrigerators were installed in 2019. All twelve 1-BR apartments are each about 760 to 850 sq.ft. and have high ceilings, hardwood floors, lots of light and closet space. Views of Hudson River, TZ Bridge from higher floors. Total income (2019) is $206,340 and total expenses were $78,600 in 2019. NOI was $129,304 in 2019. Investors are spending about $1 billion to transform the former GM 100 acre parcel in Sleepy Hollow into one of Westchester's finest multi-use waterfront neighborhoods. Rentals go very quickly so the vacancy factor is low.

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Houlihan Lawrence
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