Newburgh (City), NY 12550

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 4
Pets: No Pets Allowed
Lot Size: 0.06 Acres

Financials

Price:$574,000
Annual Taxes:$8,398.04
505 Park Ave, New York, NY 10022
Listing Courtesy of RE/MAX Town & Country

A classic three story brick residence with a fully finished basement, now fully renovated and delivered with two upgraded units.

Kitchen with gray cabinets, stainless steel appliances, white cabinetry, and light stone counters

Description

A classic three-story brick residence with a fully finished basement, now fully renovated and delivered with two upgraded units. Each residence offers approximately 1,400 sq ft of living space. The upper duplex features three bedrooms and one-and-a-half baths across the top two floors, while the lower duplex provides two bedrooms, direct backyard access, and a rear deck. Both units include new split systems, brand new kitchens, new appliances, new hot water heaters, refinished original hardwood flooring, updated lighting throughout, fresh paint, and quartz kitchen counters. Set on a manageable lot and minutes from key daily destinations, the location offers quick access to the waterfront district, major commuter routes, the hospital, the Thruway, and the interstate. The surrounding blocks continue to experience active investment and multiple renovated brick multi-families, supporting strong absorption and long-term potential. Delivered fully vacant with clear mechanical access and public utilities in place, the property provides an efficient path for occupancy or investment. Because it is located within the East End Historic District, two potential tax incentives may apply: the RPTL §444-a exemption and the New York State SHPO rehabilitation tax credit program. Buyers should verify eligibility and application requirements with the appropriate agencies. A flexible, turnkey two-unit opportunity positioned for durable performance in one of Newburgh’s most investment-active corridors.

Amenities

  • Double Pane Windows
  • Electricity Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available
  • Natural Gas Connected
  • Sewer Available
  • Sewer Connected
  • Water Available
  • Water Connected

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.