View of front of property with a porch | Image 1

39 Terrace Ave, Ossining, NY

Name: 39 Terrace Ave, Sold in Ossining - Zoocasa
Brand: Schunk Realty Group
SKU: 845529
Price: 875000 USD

Real Estate

Sold

Listed price in listed location currency (USD).

$850,000

$875,000

8410

MLS® 845529

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage No

Taxes $15,722

Lot Size 0.2 acres

Approx. Age 1926

MLS® Number 845529

Property Address: 39 Terrace Ave, Ossining, NY, 10562-3430

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 39 Terrace Avenue, a well-maintained and versatile three-family property nestled on a 0.20-acre lot in the vibrant Village of Ossining. With a total of 2, 380 square feet across three distinct residential units—including a detached rear cottage—this offering is perfect for primary residency AND investors seeking strong income potential and long-term upside. **Unit 1 – First Floor (3BR/1BA):** This spacious 3-bedroom apartment occupies the entire first floor of the main house (excluding entrance/stairs for unit#2) and features dual entry points—from the charming front porch or the rear entry through a screened-in porch/storage area. The layout includes an eat-in kitchen, cozy living room, and three well-proportioned bedrooms. Currently occupied by a Section 8 tenant contributing $2, 250 and an additional $150 directly, this tenant has expressed a willingness to increase total rent to $2, 750/month, with the expectation that Section 8 will approve the voucher increase. **Unit 2 – Second Floor + Attic (4BR/2BA):** The second and third floors combine into a larger 4-bedroom, 2-bath duplex, offering generous living space, a modern eat-in kitchen, and a primary suite occupying the finished attic level. Currently leased for $2, 700/month, this unit is under market value and is expected to command up to $4, 000/month based on current comps. **Unit 3 – Detached Rear Cottage (1BR/1BA):** Tucked privately at the back of the lot is a charming standalone cottage** with its own driveway, entryway, and utilities. The cottage tenant pays all utilities directly and is currently renting at $1, 750/month* **Utilities & Expenses:** - Oil Heat & Water** for the main house are paid by the landlord. - Tenants pay electric and gas separately, with three electric and gas meters in place. - The cottage is fully independent with all utility responsibilities handled by the tenant. Occupancy Flexibility: The front tenants have been issued 90-day notice letters and can be delivered vacant at closing. However, each tenant has expressed an interest in staying if the new owner prefers a turnkey investment with stable, long-term renters. Additional Highlights: - Off-street parking for multiple vehicles - Large Unfinished basement for storage &/OR additional opportunity - Located near public transportation, shops, and schools - Zoned and configured as a legal 3-family home - Projected pro forma rents of $8, 750/month-$9, 500 when brought to market value Whether you're looking to owner-occupy, hold as a high-yield rental, or reposition for higher income, 39 Terrace Avenue presents a rare opportunity to acquire a fully detached triplex in a desirable Westchester County location.

MLS® Number845529

Laundry Level

Central VacNo

FireplaceNo

Acreage0.2

Exterior

GarageNo

Approx. Age1926

BasementUnfinished

DrivewayDriveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

Jul 1, 2025End Date

$850,000Sold Price

Sold

Apr 17, 2025List Date

$875,000List Price

Commute

Commute

Starting Address

Destination Address

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