Active

185 Broadway

Newburgh NY, 12550

$799,000


Active

Commercial

Incredible opportunity to add an 8.5% CAP, turn-key investment building into your portfolio. Fully renovated in 2024 and fully rented, this asset provides stability and peace of mind for both new and seasoned owners. The building consists of one street level commercial space plus 4 residential units above. The building went through extensive renovations since purchase -- New roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, windows, etc. Municipal water/sewer/gas. At one time the ground floor space had a laundromat so there is a 2" water line still available in this space. Would make a great location for high water usage tenant like another laundromat, hair or nail salon, restaurant, spa, etc... High visibility for retail tenants with over 15000 cars per day is a boost for business.

H6322675

MLS ID

August 12, 2024

Listed

October 10, 2024

Updated

Map

185 Broadway
Newburgh NY, 12550

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Ductless


Heating

Yes


Heating Description

Natural Gas, Heat Pump

Exterior/Building Features

Sewer

Public Sewer

School Information

School District

Newburgh

Other Property Details

Taxes

$9,890


Tax Frequency

Annually


Garage

No


View

No


County

Orange


Municipality

Newburgh


Water Source

Public


Pool

No

Listed by Hilary R. Goldman Paul W Adler with Rand Commercial
Listing Contact: 845-2943100 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Claire Browne shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:45 PM UTC, 10/10/2024

  

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