Washington Street, Newburgh, New York 12550

Sale Information

Asking Price: $2,158,000

Building Size: 27,000 SQ FT

Cost per Square Foot: $79.93

Property Overview

8 building investment portfolio located in the historic district of Newburgh, NY; consisting of multi-family and mixed use properties. The portfolio includes 24 fully rented units with a Gross Rental Income of $319,485. There is a potential upside for an investor to increase rental income as some rents are below market value. The current owner has managed and maintained all properties on a daily basis, and has made many improvements to the buildings both recently and over the years. In addition, two of the buildings are located in qualified opportunity zones, providing an economic incentive for an investor. Located in a desirable area of downtown Newburgh close to shops, restaurants, parks, museums, galleries, the waterfront and transportation including a ferry to Beacon. Additional financial information is available upon request.

Occupancy: 100%

Property Details

Key Points: 27 Units (8 Buildings) Fully Rented Many recent upgrades Well-maintained Walking distance to all major attractions 1 building is within a Qualified Opportunity Zone

Broker Information

KW Commercial
James Walker, CCIM 2

9 Bert Crawford Road
Middletown, New York 10940
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