Buy with Yoreevo
$1,468,837
List Price: $1,495,000
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1 Main Street
House in Purdys •  building info
5bd • 4ba • 17,860ft² $84 per ft²
Buy with Yoreevo

$1,468,837

List Price

$1,495,000

Key Details
Days on market
3
Last price change
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Estimated payment
$9,755/mo
Taxes
$1,688/mo
Maintenance
N/A
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!

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Home features
Fireplace
Hardwood floors
Building amenities
Services and facilities
Parking

Garage

Shared outdoor space
Patio
Building info

History
What it'll cost
Purchase price
$1,495,000
Asking Price: $1,495,000
Term
30 Years
Down Payment
$149,000 (10%)
Min: 10% (149,000)
Rate
6.0 %
Mortgage Amount
$1,345,500
Mortgage Payment
$8,067
Taxes
$1,688
Estimated Yoreevo rebate
$26,163
Estimated closing cost
$54,000
Total monthly cost $9,755
Buy your dream home with us and get an estimated $26,163 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Howard Hanna Rand Realty

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