1. Retail & Office Property for Sale
Midway Center – a/k/a 109 Croton Avenue, Ossining
ADMIRAL
REAL ESTATE SERVICES CORP.
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem
reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be
independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily
relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as
well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate.
THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
John Barrett
(914) 779-8200 x114
jbarrett@admiralrealestate.com
Admiral Real Estate Services Corp. 62 Pondfield Road Bronxville, NY 10708 admiralrealestate.com
Section: 89.16
Block & Lot: 2 / 30
Zoning: NC-2 - Neighborhood Center
Lot Dimensions: 100’ x 215’ Irr. (Approx.)
Lot SF: 28,695 (Approx.)
Stories: 2 Plus Lower Level at Grade
Building Dimensions: 123’ x 81’ (Approx.)
Building SF: 19,926 (Approx.)
LL SF: 4,920 (Approx.)
Total SF: 24,846 (Approx.)
Parking : 49 Vehicles
Assessment (14/15): $110,000
R.E. Taxes (14/15): $79,811
Property Description
•Prime Street front corner location in the heart of
vibrant Ossining Village, with onsite parking for (49)
vehicles.
•Conveniently located between Route 9 (Highland
Avenue/Albany Post Rd) and Route 9A on busy
Croton Avenue (a/k/a) Route 133.
•123’ of Prime Building Retail Frontage.
•Property can be delivered 50% vacant for users.
•Built in 1965 of cinderblock and steel I-Beam
construction with wood floors, the property has a
newer Poloroof RAC roof installed in 2008.
•Ground floor tenants are individually metered for
gas and electricity.
ASKING PRICE: $2,195,000
For further information and inspection, please contact Exclusive Agents:
Joan Simon
(914) 779-8200 x 117
jsimon@admiralrealestate.com
Financial Highlights (Pro Forma): $/SF
Annual Gross Income $376,554 $18.90
Vacancy Loss @ 7.5% (28,242)$ ($1.42)
Operating Expenses (111,453)$ ($5.59)
Real Estate Taxes (79,447)$ ($3.99)
Net Operating Income 157,412$ $7.90
Capitalization Rate: 7.17%
Price Per Square Foot: $110