300 Broadway - Apartments FOR SALE


Dobbs Ferry, NY 10522
$18,850,000 USD
201-546-4656
300 Broadway, Dobbs Ferry, NY for Sale
$18,850,000 USD
Apartments - FOR SALE
1/4
null | 6% Cap Rate

300 Broadway
Dobbs Ferry, NY 10522


HIGHLIGHTS

  • Property near the water
  • Property is 98.17% occupied

OVERVIEW

78-unit multifamily asset in Dobbs Ferry, NY, with 42 rent-stabilized and 36 deregulated/fair market units. Purchase price of $18,850,00 equating to $241,666/per unit. 98.71% occupancy with historically low turnover, offering stable in-place cash flow. Located within walking distance of Dobbs Ferry Metro-North Station (35-minute ride to Grand Central). Sits on a 9.54-acre lot with 3 buildings and 27 garage spaces; built in 1953. Close to top educational institutions including Mercy University, Dobbs Ferry High School, and The Masters School. Positioned near three major retail centers and multiple hospitals, with easy access to Route 9 and the Saw Mill River Parkway.

FOR SALE DETAILS

PRICE

$18,850,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

78

PRICE/UNIT

$241,667

CAP RATE

6%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Osborn Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1952

PARKING SPACES

27

LAND DETAILS

LAND ACRES

9.53 AC

LAND SF

415,127 SF

ZONING

-

APN/PARCEL ID

2603-003-080-00046-000-0008

ASK ABOUT THIS PROPERTY

Jonathan KershnerNorman Bobrow & Co Inc.More Info
201-546-4656

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Jonathan KershnerNorman Bobrow & Co Inc.More Info
201-546-4656

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