For Sale
$1,399,000

25 Cedar StDobbs Ferry, NY 10522

Four-unit apartment building, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a four-unit apartment building located at 25 Cedar Street in the heart of Dobbs Ferry Village, New York, 10522. Situated between Broadway and Main Street, this Class B property offers unparalleled convenience, with easy walking access to the train station and a vibrant array of local restaurants. The building itself is a three-story structure situated on a 9,148 square foot lot. Currently featuring four residential units, this property presents a compelling value-add opportunity. The units can be delivered vacant, providing immediate flexibility for the new owner. A significant upside potential exists with the possibility of creating a legally permitted fifth unit in the basement, substantially increasing the property's value and rental income. The building offers a strong 7.95% cap rate, making it an attractive investment for those seeking a solid return. This is a rare chance to acquire a well-located multifamily property in a desirable Westchester County location with significant potential for future growth and enhanced profitability. The asking price for this prime investment is $1,399,000.

Highlights

  • Desirable Dobbs Ferry Village location.
  • Walkable to Metro-North train station and local restaurants.
  • Available vacant upon closing.
  • Potential for a fifth legal rental unit in the basement.

Property Details for 25 Cedar St

Property type
Apartment buildings
Class
B
Buildings
1
Stories
3
Units
4

Location Insight

City
Dobbs Ferry
County
Westchester
State
New York
Latitude
41.0152595
Longitude
-73.8717463
25 Cedar St, Dobbs Ferry, New York

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25 Cedar St
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