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37,000 sqft

$2,850,000

25 N Malcolm Street, Ossining NY, 10562

Price per sqft$77.03
Built in1928
Property size37,000 sqft
Property typeCommercial
Courtesy of Julia B Fee Sothebys Int. Rlty, Bonnie Stein Listing Contact: 914-967-4600

Overview

Pending

Listed Apr 15, 2025

Updated 3 weeks ago

A picturesque 4.22 acre site with majestic Hudson river views. It is a residentially zoned site improved with two connected buildings. This is currently a T-Zone 2 family zone. There exists a conditional approved plan by the Town of Ossining for a replacement and expansion of the nursing home consisting of 90 beds plus 64 parking spaces and 5 handicapped spaces dating back to 2017. However, this plan has now expired. From a 2020 appraisal report, a potential subdivision can be approved and completed for an estimated 11 finished lots, which reflects the necessary provisions for roadways and infrastructure under T; Two-Family zoning or 51 apartments under the extraordinary assumption of MF-1; Multi-Family zoning. Existing non confirming lot, may not be in effect. A rezone is possible through a process called change of use. Current Gross Building area of 37,143 SF with macadam surface parking for 32 vehicles. A 2020 appraisal available upon request. The building had been occupied by Victoria Home for Aged British Men & Women for over a century. The 49-room Victoria Home Skilled Nursing and Rehabilitation facility is now closed. Located along the Hudson RIver 50 min from NYC Ossining is a culturally diverse, affordable place to live, rich in both history and natural beauty. Easy access to public transportation, Bee Line Bus and Metro North service the area. A rare opportunity for a fabulous new development.

Additional information

MLS® ID
845365

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
4.22 Acres

Other Property Details

Taxes
$45,730
Tax Frequency
Annually
View
Yes

Listings courtesy of OneKey MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 9:42 PM UTC on 8/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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