1 Riverside Dr - Apartments FOR SALE


Sleepy Hollow, NY 10591
$3,000,000 USD
973-609-2105
1 Riverside Dr, Sleepy Hollow, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1 Riverside Dr
Sleepy Hollow, NY 10591


HIGHLIGHTS

  • Irreplaceable location with direct commuter rail access
  • On-site parking—a premium amenity in this neighborhood
  • Large, well-appointed apartments with strong tenant appeal
  • Stable, long-term investment in a high-demand rental market
  • Rent stabilized apartment complex

OVERVIEW

Houlihan Lawrence Commercial is proud to exclusively present a rare investment opportunity in one of Westchester County’s most sought-after neighborhoods—Philipse Manor, located in historic Sleepy Hollow, NY. This well-maintained multi-family property at 1 Riverside Drive comprises a total of 14 residential units, thoughtfully laid out as follows: Four (4) spacious three-bedroom, one-bathroom apartments, Two (2) two-bedroom, one-bathroom apartments, Eight (8) one-bedroom, one-bathroom apartments. Premier Location: Positioned directly across from the Philipse Manor Metro-North Train Station, this property offers an unparalleled location for commuters, with direct access to Grand Central Terminal in under an hour. The train station’s proximity not only enhances tenant convenience but also boosts rental desirability, contributing to low vacancy rates and strong rent potential. The Philipse Manor neighborhood is renowned for its historic charm, tree-lined streets, and waterfront views along the Hudson River. This tranquil residential enclave offers the best of suburban living while being just minutes away from the cultural, dining, and retail attractions of both Sleepy Hollow and Tarrytown. Additionally, residents enjoy access to nearby parks, the Hudson Riverwalk, and the Philipse Manor Beach & Boat Club. Call Thomas Gorman for more information. 845.709.3222 | TGorman@HoulihanLawrence.com

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

14

PRICE/UNIT

$214,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,208 SF

ZONING

R2

APN/PARCEL ID

3401-115-007-00001-001-0000

ASK ABOUT THIS PROPERTY

Michael RackenbergHoulihan Lawrence CommercialMore Info
973-609-2105

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Michael RackenbergHoulihan Lawrence CommercialMore Info
973-609-2105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.