Free Market Portfolio Sale

Dobbs Ferry and Hastings-on-Hudson, ny

for sale$13,600,000

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions, prior to sale or lease, or withdrawal without notice. UMF Commercial makes no warranty or representation about the content of this brochure. It is your responsibility to inde-pendently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. © UMF 2019.

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Investment overview Free Market Portfolio Sale

United Multi Family is pleased to present for sale a portfolio consisting of two new construction properties located at 78 Main Street, Dobbs Ferry NY and 32-34 Washington Avenue, Hastings-on-Hudson NY. The Dobbs Ferry property was built in 2016 and consists of 10 units (2 retail and 8 apartments). The Hastings-on-Hudson property consists of 5 new townhouse units built in 2019 and a brick two family residence on-site that is currently being fully renovated. The owner used top of the line finishes at each site. Both properties are within walking distance of their respective Metro North Stations (0.2 miles), restaurants and shops downtown, and have views overlooking the Hudson River.

New

Construction

78 Main Street was built in 2016.

32-34 Washington Ave’s ground-up

portion was completed in 2019 and

the existing 1920 building onsite is

currently being fully renovated.

All Units Are

Free Market

The units at both properties were

not affected by the new rent

regulation laws enacted by the

New York State Legislature in

June 2019 .

Transit

Oriented

Both properties are just 0.2 miles

from their respective Metro North

Stations with direct access to

Grand Central Terminal in Midtown

Manhattan in under 40 minutes.

Location

Both Dobbs Ferry and Hast-

ings-on-Hudson are considered top

suburban villages and school

districts in the greater New York

City metro area. Both Properties are

walking distance to the downtowns

and Metro North Stations.

Investment overview Free Market Portfolio Sale

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions, prior to sale or lease, or withdrawal without notice. UMF Commercial makes no warranty or representation about the content of this brochure. It is your responsibility to inde-pendently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. © United Multi Family 2019.

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78 main street, Dobbs Ferry Overview Free Market Portfolio Sale

The mixed-use property located at 78 Main Street, Dobbs Ferry NY was built in 2016 and consists of 10 units. The street level is comprised of two retail units, the corner re-tail being occupied by a collaboration between Coffee Lab Roasters and Climbing Wolf Craft Beer Bar and the retail towards the middle of the property is occupied as an of-fice. The residential portion of the property has an elevator and consists of 8 units on three floors. There are three-two bedroom with one and a half baths, three-one bedroom with one bath, and two-two bedroom with one bath. All units have top of the line finishes and in-unit washer and dryers. Located on a .17 acre site there are 9 off-street parking spaces (4 covered and 5 uncovered). Six of the parking spaces are currently rented to the tenants for an extra charge. The property is located right in Downtown Dobbs Ferry with easy access to restaurants, shops, and the Dobbs Ferry Metro North Station (0.2 miles).

Location

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions, prior to sale or lease, or withdrawal without notice. UMF Commercial makes no warranty or representation about the content of this brochure. It is your responsibility to inde-pendently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. © United Multi Family 2019.

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32-34 washington ave, hastings-on-hudson overview Free Market Portfolio Sale

The property located at 32-34 Washington Avenue, Hastings-on-Hudson consists of 7 townhouse units. Five of the units are ground-up construction built in 2019. These units were built above a 10-car indoor parking garage. One of the five units is fully ADA compliant and contains its own passenger elevator with access from the parking garage all the way up through the apartment. Three of the units are three bedrooms with two and a half baths and two of the units are two bedrooms with two and a half baths. All units have top of the line finishes, in-unit washer and dryers, and nicely landscaped backyards.

The remaining two units are located in a 1920 brick resi-dence that is currently being fully renovated. The interior of these two units will feature the same top finishes as the new construction portion. These units have off-street park-ing from uncovered spots located next to the two family.

The owner has just begun leasing at the new construction portion with one unit rented. The property is adjacent to Downtown Hastings-on-Hudson with easy access to restaurants, shops, and the Hastings-on-Hudson Metro North Station (0.2 miles).

32-34 washington ave, hastings-on-hudson overview Free Market Portfolio Sale

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions, prior to sale or lease, or withdrawal without notice. UMF Commercial makes no warranty or representation about the content of this brochure. It is your responsibility to inde-pendently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. © United Multi Family 2019.

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LOCATION OVERVIEW Free Market Portfolio Sale

Dobbs Ferry and Hastings-on-Hudson are considered top suburban villages and school districts in the greater New York City metro area. Both properties sit in prime locations in their respective villages with the ability to walk to shops and restaurants downtown and the Metro North train stations. The commuter train takes less than 40 minutes to get to Grand Central Terminal in Midtown Manhattan from both stations.

With views overlooking the Hudson River, strong schools, and easy access to New York City, both villages have seen strong condo sales if a conversion is of interest at either site. The property directly across from 78 Main Street in Dobbs Ferry (Print House Lofts), just completed a con-version and recently began sales. The chart to the right titled “Print House Lofts, Dobbs Ferry Condo Comps” contains all the sales to date at the property since the conversion. Hastings-on-Hudson also has a strong demand for condos. Of the two buildings, this property may be better suited for a conversion due to the popularity among condo buyers of townhouse style units.

Address Unit BR/BA Approx SF Status Date Sold Price

40 Chestnut St A 2/2 1,682 Sold 1/22/2019 $1,100,000

40 Chestnut St C 2/2 1,754 Sold 1/31/2019 $1,180,000

40 Chestnut St E 2/2 1,825 Sold 2/9/2019 $1,229,000

40 Chestnut St H 2/2 1,825 Sold 1/4/2019 $1,295,000

40 Chestnut St PH E 2+/2.5 2,599 Sold 3/1/2019 $2,000,000

40 Chestnut St PH W 2+/2.5 2,599 Sold 12/31/2018 $1,800,000

50 Chestnut St 1 2/2 1,420 Sold 7/24/2019 $1,115,000

50 Chestnut St 2 2/2 1,420 Sold 7/24/2019 $1,085,000

50 Chestnut St 3 2/2 1,260 Sold 7/18/2019 $757,000

Print House Lofts, Dobbs Ferry Condo Comps

Free Market Portfolio Sale

Dobbs Ferry and Hastings-on-Hudson, ny

EXCLUSIVELY LISTED BY

800 Westchester Ave, Suite N-641Rye Brook, NY 10573

Matt CawleySenior Director917.946.5425 mcawley@umf.com