Newburgh (City), NY 12550

Property

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

Financials

Price:$930,000
Annual Taxes:$12,825.84
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of Four Seasons Sothebys Intl

47 Lander Street in Newburgh, New York presents a turnkey mixed use investment opportunity in the heart of the historic East End.

Description

47 Lander Street in Newburgh, New York presents a turnkey mixed use investment opportunity in the heart of the historic East End. Situated moments from the revitalization of Grand Street and its upcoming luxury boutique hotel development, this property is positioned to capture strong hospitality demand, elevated visitor activity, and consistent commercial foot traffic. Taken down to the studs, the circa 1870 brick building has undergone a complete, full scale gut renovation with zero deferred maintenance, delivering an exceptional physical asset for commercial operators and portfolio investors. Every building system is newly installed, including a new roof, upgraded electrical service, modern plumbing, mini split heating and cooling systems throughout, and a comprehensive full building fire sprinkler system. The exterior features a prominent corner position, newly poured sidewalks, classic historic architecture, and a private wraparound alleyway with dual access points for seamless operational access. The layout generates immediate diversified revenue across multiple asset classes. The ground level features two fully built out, turnkey commercial and restaurant storefronts equipped for immediate food service or retail operations. The upper levels offer two high finish residential dwellings, including a two bedroom unit and a one bedroom unit, presenting strong rental potential within the Hudson Valley market. Operating commercial business entities are excluded from the real estate sale and negotiable separately. Location fundamentals offer exceptional connectivity and long term value. Located one block from the Broadway commercial corridor and close to the Newburgh Waterfront, this property combines historic district appeal with regional accessibility. The location provides convenient proximity to the Beacon Metro North station with direct service to Grand Central Terminal, Stewart International Airport, Route 9W, Interstate 84, and Interstate 87. 47 Lander Street offers an immediate income producing asset with completely modernized infrastructure in a prime Hudson Valley location.

Amenities

  • Building Security
  • Customized Wheelchair Accessible
  • Electricity Available
  • Fire Alarm
  • Fire Sprinkler System
  • Natural Gas Available
  • Sewer Connected
  • Smoke Detectors
  • Trash Collection Private
  • Video Cameras
  • Water Available

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.