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36 N Water St - Hidden Cove on Hudson

5.14 Acres of Commercial Land in Ossining, NY 10562

Investment Highlights

  • The site was approved in 2018 for 137 apartment units consisting of 103 two-bedroom units and 34 one-bedroom units.
  • The initial SEQR and site plan for the proposed Hidden Cove on the Hudson development was completed and approved in October 2018 but expired in 2021.
  • Pursuant to the originally approved site plan, Hidden Cove's proposed residential structure will rise 6-stories above a 1-level parking garage.

Executive Summary

The 5+ acre site is situated in the northern quadrant of Ossining's Hudson River waterfront, with over 260' of direct river frontage along the Metro North Railroad's right-of-way. The site offers unobstructed views of the river and of Rockland State Park on the West side of the river. The pristine 26-acre Crawbuckie Nature Preserve is adjacent to the site's northern boundary.
The topography to the east rises to a level above the height of the proposed residential structure, effectively screening it from inland views. The easternmost 1.2 acres of the site, which have never been developed, is proposed to be dedicated as a conservation easement. The southern exposure is also at an elevated height, offering privacy and seclusion without being isolated. Most of the site is relatively level except for the portion dedicated to the conservation easement.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Condo
Total Lot Size 5.14 AC

1 Lot Available

Lot

Lot Size 5.14 AC

This 5+ acre development has previously been approved for a multi-family development site.

Description

Located only 1/2 mile from Ossining's Metro North Railroad station, Hidden Cove is a brief 7-8 minute walk. Routes 9 and 9A allow quick connections to the various parkways and interstates, including the Mario Cuomo Tappan Zee Bridge less than 9 miles to the south.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4203-089-014-00000-000-0011-000-0-1
Land Assessment
$1,938,300
Improvements Assessment
$0
Total Assessment
$1,938,300

zoning

Zoning Code PW-A (Planned Waterfront (Northern Waterfront))
PW-A (Planned Waterfront (Northern Waterfront))
  • Listing ID: 32234779

  • Date on Market: 6/24/2024

  • Last Updated:

  • Address: 36 N Water St, Ossining, NY 10562

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