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Attention Builders, Contractors & Visionary Investors! Seize the opportunity to transform this exceptional commercial property, comprised of four spacious residential apartments and first-floor attached garages, thoughtfully priced below market value to unlock immediate upside and significant redevelopment potential. Located within the Downtown Transit District, this property sits in a (TOD) zoning designation, designed to support mixed-use vitality and long-term growth, a compelling advantage for developers seeking both appreciation and income generation. With limited inventory and strong commuter appeal, demand for well-positioned housing in this village remains consistently robust. This is a true value-add opportunity, ideal for a complete rehabilitation or a strategic tear-down and redevelopment. Bring your vision and transform this property into a true money-maker. For the seasoned investor or ambitious developer, this is more than a project, it’s a chance to create a high-performing asset in one of Westchester’s most desirable communities. Perfectly positioned within walking distance to the vibrant Hudson River village, the Dobbs Ferry Metro-North Station (just a 35-minute commute to New York City), the scenic Old Croton Aqueduct Trail, and the highly regarded Waterfront Park. Dobbs Ferry offers top-rated schools, refined dining along Cedar and Main Streets, and a vibrant community known for its farmers market, summer concerts, and year-round cultural events. Demand for housing in this walkable, commuter-friendly village remains consistently strong, making this an investment positioned for both appreciation and income potential. Invest in location. Invest in lifestyle. Invest in opportunity. Now is your chance to own in one of Westchester’s most sought-after river towns, and make it your own.
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 6.110% | 5.932% |
| Monthly Tax Payment | $2,778 | $2,778 | $2,778 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,334 | $4,772 | $6,610 |
| Total Monthly Payment | $7,204 | $7,642 | $9,480 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.