20 Madison Avenue, Valhalla, NY, 10595 | $775,000

Versatile property with significant upside potential at 20 Madison Ave in Valhalla. Currently utilized as offices but legally classified as a single-family residence, this property offers a compelling opportunity for conversion to a multi-family, subject to local approvals. Currently has month to month commercial tenants on 1st & basement and another on 2nd-3rd floors. Spanning approximately 3, 300 square feet across multiple levels, the existing layout includes numerous private rooms, bathrooms, and separate workspaces—providing a strong foundation for reconfiguration. The finished basement with walk-out access and multiple entry points further enhances flexibility for a variety of layouts. The property sits on a 0. 23-acre lot and includes a driveway and additional parking area. Separate electric meters are already in place, adding to the property’s potential for future use scenarios. Central air and public utilities are in place. Conveniently located near the Taconic State Pway, 2 blocks from Metro North Valhalla stop on the Harlem Line, and local amenities. Important: Property is being sold as-is. There is currently no Certificate of Occupancy, and there are three open/expired permits with the Town of Mount Pleasant. Buyer is responsible for verifying use, obtaining approvals, and resolving any outstanding permits. This is an opportunity for buyers seeking a value-add project with multiple potential end uses in a well-located Westchester setting.

Features

  • Bedrooms: 6
  • Baths: 2 full
  • Style: Colonial
  • Year Built: 1910
  • Heating: Forced Air, Other
  • Cooling: Central Air
  • Basement: Finished, Full, Walk-Out Access
  • Acreage: 0.23
  • Est. Taxes: $16,895
  • School District: Valhalla
  • MLS#: 977795
  • Days on Market: 15 days
  • Website: https://www.raveis.com
    /prop/977795/20madisonavenue_valhalla_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Hollingsworth Real Estate Grp.   Phone: 914-303-1879

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

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20 Madison Avenue, Valhalla, NY, 10595

$775,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $620,000 $620,000 $620,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.250% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.403% 6.431% 5.668%
Monthly Tax Payment $1,408 $1,408 $1,408
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,713 $3,817 $5,025
Total Monthly Payment $5,213 $5,317 $6,525

* 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.