59-61, 75-77-79 Broadway
Newburgh,
NY
12550
- 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
- •Construction Materials: Brick
- •Parking Spaces: Yes
- •Parking Spaces: 40
- •Parking Facilities: Off Street, Parking Lot, Private
- •Stories: 4
- •Heat: Natural Gas
- •A/C: Central Air, Varies by Unit
- •Water: Public
- •Sewer: Public Sewer
- •Taxes: $47,600
- •Maintenance: $11,000
Listing Information provided courtesy of
RE/MAX Benchmark Realty Group
845-565-0004
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