Newburgh (City), NY 12550

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 4 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.14 Acres

Financials

Price:$599,000
Annual Taxes:$13,574
44 W 24th St, New York, NY 10010, USA
Phone:
Listing Courtesy of eXp Realty

Located in the heart of Newburgh s Historic District, this fully leased three story mixed use building on an expanded lot includes a commercial storefront, a garden level studio, and ...

View of exterior entry with brick siding

Description

Located in the heart of Newburgh’s Historic District, this fully leased three-story mixed-use building on an expanded lot includes a commercial storefront, a garden-level studio, and two full-floor residential apartments. The first floor features a storefront suitable for retail, office, or studio use. Toward the rear is a spacious hallway that leads to the backyard, a shared laundry room, and access to the garden-level studio. The studio also has a private exterior entrance and features soaring ceilings, offering versatility for living or work space. The second and third floors each contain a two-bedroom, one-bath apartment. Both residential units feature an open kitchen, dining, and living area with oak flooring, walk-in closets, and Energy Star stainless steel appliances. The top-floor bathroom includes a skylight that brings in natural light. Outdoor amenities include a shared patio area and backyard, along with off-street parking. There is also remains of a 3 car garage that could be rebuilt for additional income. The property is located near local restaurants, shops, public transportation, and the waterfront, within one of Newburgh’s architecturally rich neighborhoods. Ideal for investors. Rent Roll: Storefront – $600/month, Studio – $1,745/month, Unit #2 – $2,100/month, Unit #3 – $1,800/month. Gross income approx. $75,000, Net Income approx. $50,000.

Amenities

  • Ceiling Fan(s)
  • Entrance Foyer
  • First Floor Full Bath
  • Recessed Lighting
  • Trash Collection Private
  • Walk-In Closet(s)

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.