91 Main StDobbs Ferry, NY 10522

Property Details for 91 Main St

Lot size

0.11 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

552603 3.80-40-5

APU

552603380405

Description

This exceptional three-story mixed-use building at 91 Main Street, Dobbs Ferry, NY 10522, presents a compelling investment opportunity. The property boasts 55 feet of Main Street frontage, ensuring high visibility and accessibility. The ground floor comprises two thriving commercial spaces currently occupied by a loan depot and a barbershop, benefiting from significant foot traffic. Upstairs, four renovated residential units provide consistent rental income. The second floor features two two-bedroom, one-bathroom units, while the third floor offers one two-bedroom, one-bathroom unit and one one-bedroom unit with two full bathrooms. All residential units are similarly sized. The building includes a fenced backyard, though there is no on-site parking. An adjacent lot at 89 Main Street, currently used as additional parking for 91 Main Street, offers potential for future development. This property represents a rare blend of commercial and residential income streams in a desirable Westchester County location. The combination of established commercial tenants and well-maintained residential units makes this a strong investment with significant upside potential. The property's prime location in the heart of Dobbs Ferry ensures continued high demand for both commercial and residential spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $792,261

  6.5%

  $731,318

  7%

  $679,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $626,123

  Geo Method

  $626,123

• Alternative Use

  Use

  Valuation

  Residential

  $906,834

  Hospitality

  $830,655

  Educational

  $691,095

  Medical

  $714,863

  Retail

  $1,075,037

Location Insight

City

Dobbs Ferry

County

Westchester

State

New York

Latitude

41.0148

Longitude

-73.8758

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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