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