Nest Seekers

Fully Available ! Set in the heart of Newburgh, this historic multifamily reflects the grit, beauty, and permanence of classic Hudson Valley architecture.

Newburgh (City), NY 12550

Listing

Web ID:5762306
Website:https://www.nestseekers.com/5762306

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$995,000
Annual Taxes:$22,235.64

Description

Fully Available! Set in the heart of Newburgh, this historic multifamily reflects the grit, beauty, and permanence of classic Hudson Valley architecture. Built during a time when craftsmanship mattered, the building offers solid construction, generous proportions, and the kind of character that can’t be replicated today — all within a region increasingly sought after by city buyers and long-term investors alike. The property features 6 legal in-place residential units plus separate garage income, providing immediate, stabilized cash flow. Adding to the opportunity are 2 city-approved basement units, offering a thoughtful value-add path for investors looking to enhance returns while respecting the integrity of the structure. All future construction is to be completed in accordance with the approved site plan and sprinkler plan. Newburgh continues to benefit from its proximity to the Hudson River, Metro-North access, and the broader migration to the Hudson Valley driven by lifestyle, affordability, and historic charm. This asset represents a compelling blend of old-world character and modern investment potential, ideal for a 1031 exchange buyer or long-term holder seeking both yield and story.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Water Connected

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of RE/MAX Benchmark Realty Group
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