Description
Exceptional mixed-use investment opportunity offering a rare blend of dependable income, historic significance, and long-term appreciation potential in the heart of North Salem. This one-of-a-kind property encompasses three income-producing structures across two mailing addresses and is zoned for both neighborhood business and residential use, providing exceptional flexibility for investors. Ideally situated with immediate access to I-684 and just moments from the Purdy's Metro-North station, the property enjoys outstanding commuter convenience and sustained tenant demand. Located within the highly sought-after North Salem School District, this is a truly unique offering in one of Northern Westchester's most desirable and tightly held communities. Anchoring the property is a striking three-bedroom Craftsman-style residence that lives like a four, believed to have been rebuilt in 1940, offering a rare blend of historic character, craftsmanship, and enduring appeal. The home has been thoughtfully maintained and enhanced through substantial capital improvements, including a newer roof, HVAC system, central air conditioning, and updated septic systems, providing lasting value and operational confidence. One of the property's most distinguished attributes is the historic Purdy's Station Post Office, an irreplaceable community landmark combining rich heritage with dependable long-term tenancy and a cherished community landmark that has served the area for nearly 180 years. Occupied under a long-term lease, the post office provides a stable, government-backed income stream and has been extensively renovated to meet modern operational standards while preserving its historic character. Above the post office, a spacious two-bedroom, one-bath apartment generates additional rental revenue, further strengthening the property's diversified income profile. Adding yet another revenue-generating component is a detached four-car garage, originally built in 1925, with existing leases extending through May 2027. This additional income-producing asset enhances cash flow while presenting future flexibility and potential value-add opportunities. Combining multiple established income streams, long-term tenancy, favorable mixed-use zoning, significant infrastructure improvements, and an irreplaceable location near major transportation corridors and commuter rail service, this is a true legacy asset positioned for both stability and growth. Opportunities of this caliber are exceedingly rare!
Details
| MLS # | 1006452 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 67 |
| Listing Provided By | Howard Hanna Rand Realty | Gino Bello |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,446 |
| Garage | 4 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.41 |
| Property View | Neighborhood |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air, Hot Water, Oil, Steam |
| Interior Features | First Floor Bedroom, Eat-in Kitchen, Granite Counters |
Exterior
| Construction Materials | Frame |
|---|---|
| Lot Features | Level, Near Public Transit, Near School, Near Shops |
| Fencing | None |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached |
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 802100 |
| Tax Annual Amount | 20260 |
Area Information
| State | NY |
|---|---|
| County | Westchester County |
| City | Purdys |
| Zip Code | 10578 |
| School District | North Salem Middle/ High School |
| Elementary School | Pequenakonck Elementary School |
| High School | North Salem Middle/ High School |
| Listing VS Median (in 10578) | |
Price: $1,495,000 low | high Med: $4,600 sqft: 3,446 low | high Med: 1,360 $ / sqft: $434 low | high Med: $3 On site: 67 low | high Med: 32 | |
Market Activity 10578
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Learn More About This Property
| State | NY |
|---|---|
| County | Westchester County |
| City | Purdys |
| Zip Code | 10578 |
| School District | North Salem Middle/ High School |
| Elementary School | Pequenakonck Elementary School |
| High School | North Salem Middle/ High School |
| Listing VS Median (in 10578) | |
Price: $1,495,000 low | high Med: $4,600 sqft: 3,446 low | high Med: 1,360 $ / sqft: $434 low | high Med: $3 On site: 67 low | high Med: 32 | |