Hidden Cove on the Hudson 36 Water st 137 Lot Offre d’immeuble d’habitation à 4 856 400 € Ossining, NY 10562

New York Multifamily is pleased to offer Hidden Cove on the Hudson development site, located at 36 North Water Street, an opportunity to acquire a sizable development site in one of Westchester County’s most supply- constrained and strategically positioned submarkets. The site was formerly approved for 137 residential units, with potential to increase density subject to municipal approvals—offering significant upside for a developer seeking scale in a high-barrier-to-entry market. Located just steps from the vibrant downtown Ossining district and the Metro- North train station, the site offers a truly transit-oriented development (TOD) opportunity with direct access to New York City in under an hour. The property’s raised waterfront location enjoys panoramic views of the Hudson River - an irreplacebale amenity that will differentiate if from other residential properties in a competitive leasing market. Ossining is in the midst of a transformation, with over $100 million in recent and planned investment into its waterfront, infrastructure, and public spaces.
This revitalization has fueled increased demand for modern housing options, particularly from renters seeking affordability, accessibility, and walkable amenities outside of New York City. The village’s progressive leadership has shown a willingness to work with developers to bring thoughtful density and revitalization to its core. Broader Westchester County remains one of the most sought-after suburban markets in the Tri-State area, with limited developable land, restrictive zoning, and strong fundamentals driving long-term value appreciation. Multifamily vacancy remains tight, and demand continues to outpace new supply— particularly in transit-served pockets like Ossining.