UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 861108
Rental Info No
Year Built 1893
Annual Tax Amount $47,600
Lot Size 0.710 Acres
Acres 0.71
Property Sub-Type Multi Family
Source onekey2
Property Description
*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.
Location
State NY
County Orange County
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Cooling Central Air, Varies by Unit
Flooring Carpet
Fireplace No
Exterior
Parking Features Off Street, Parking Lot, Private
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
View Mountain(s)
Total Parking Spaces 40
Building
Lot Description City Lot, Corner Lot, Historic District, Near Shops
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Newburgh
Middle Schools Newburgh
High Schools Newburgh Free Academy
Others
Special Listing Condition None
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.