Newburgh (City), NY 12550

Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.04 Acres

Financials

Price:$849,948
Annual Taxes:$9,732
44 W 24th St, New York, NY 10010, USA
Phone:
Listing Courtesy of Your Move Matters LLC

Description

A rare opportunity to acquire a substantial brick mixed-use property on a high-visibility corner lot, this building is currently undergoing a full gut renovation from the exterior walls in. Offering over 6,125 square feet across four levels, the property is designed to deliver both immediate income potential and long-term value for its new owner. On the street level, the building features two generous storefronts with outstanding exposure. Large windows, corner visibility, and flexible layouts make these commercial spaces ideal for retail, professional office, or service-oriented businesses. The storefronts are designed to attract tenants quickly, with updated systems and the ability to customize finishes. Above, the residential portion spans three floors. The second floor will hold two spacious 2-bedroom apartments, each designed with open layouts, ample windows, and modern amenities. On the third and fourth floors, you’ll find one apartment per level, each featuring 2 bedrooms plus a dedicated office space—a floor plan that’s especially appealing in today’s market where work-from-home lifestyles are the norm. These thoughtfully designed units will maximize rental demand and ensure strong occupancy rates. The renovation is comprehensive, incorporating modern building standards and systems throughout. Highlights include a full sprinkler system, fire escapes, and individual electric, gas, and heating systems for each unit, giving tenants autonomy and simplifying management for the owner. The exterior maintains its solid brick construction, while the interiors are being re-imagined for modern living and business use. Buyers have the unique opportunity to purchase now during the renovation—perfect for someone who wants to put their own finishing touches on the project—or acquire the building once renovations are complete. This flexibility makes it ideal for investors seeking to control cost, design, and timeline. Proximity to local amenities, transportation, and community hubs further enhances its desirability for both residential and commercial tenants. Whether your goal is to hold as a long-term income-producing asset, complete the project and quickly reposition it in the market, or customize it for mixed personal and investment use, this building offers flexibility and exceptional potential. Don’t miss the chance to acquire a property of this size, scope, and location with renovations already well underway.

Amenities

  • City
  • Electricity Connected
  • Mountain(s)
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

A rare opportunity to acquire a substantial brick mixed use property on a high visibility corner lot, this building is currently undergoing a full gut renovation from the exterior walls ...


Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.