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59-61, 75-77-79 Broadway Newburgh, NY 12550
$2,600,000
  • Commercial
  • Year Built 1893
  • Multi Family
  • ML# 861108

Property Details

Overview

RARE MIXED-USE PORTFOLIO FIRST TIME OFFERED 3 SEPARATE INCOME-PRODUCING PARCELS -- An outstanding opportunity to acquire a long-held, fully occupied portfolio of residential and commercial income-producing properties, now hitting the market for the first time. This offering includes three separate tax parcels, each with unique characteristics and strong cash flow.*Parcel 1: Income-Generating Parking Lot-Approx. 40-car rented lot -Fully leased with consistent monthly income - Low overhead, low maintenance investment. ** Parcel 2: Multi-Use Building with Apartments - Two ground-floor commercial storefronts with established tenants -17 residential apartments above, including a mix of Studios, One-bedroom units and Two-bedroom units. High occupancy and stable rental history. Excellent upside potential with modern upgrades - Below market rents. ***Parcel 3: Historic Mixed-Use Building (The Brewster Hook and Ladder Company firehouse, built in 1862 - now the Newburgh Mercantile, a gift store and framing shop) Charming historic structure featuring a classic stone fireplace façade- Ground floor commercial retail space + two upper-level office suites, fully leased. Three tax parcels offered as a portfolio - Desirable, well-trafficked location -Value-add potential through renovation or redevelopment --Ideal for investors seeking a balanced mix of commercial and residential assets. This is a generational opportunity to secure a highly visible, income-producing asset with historic charm and development upside.

Key Facts

  • Lot Size: 0.71
  • Taxes: $47,600
  • Sale or Rent: Sale
  • School District: Newburgh

Additional Features

  • Construction Materials: Brick
  • Parking Spaces: Yes
  • Parking Spaces: 40
  • Parking Facilities: Off Street, Parking Lot, Private
  • Stories: 4

Interior & Utilities

  • Heat: Natural Gas
  • A/C: Central Air, Varies by Unit
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $47,600
  • Maintenance: $11,000
Listing Information provided courtesy of RE/MAX Benchmark Realty Group  845-565-0004
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