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Newburgh Commercial Property Assemblage
Newburgh, NY Newburgh

$1,700,000 USD

Portfolio For Sale  •  24,952 SF

3 Properties View all

Property Details

  • Property Type Unknown
  • Cap Rate 9.00 %
0 Transit Score
39 Walk Score

Highlights

In-Place income - Upside on below market rents, and 1,500 sq. ft. of expansion space
Tenants pay operating expenses other than taxes and water
Development expansion potential on vacant lot at 516 South Street
13,681 square feet of land (0.71 acres) - 11,000 sq. ft. of Building in total
Includes standalone house as a residential rental property

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $162,840 USD (2024)
Cap Rate: 9.00 %
Total Expenses: $17,160 USD

Public Transportation

Commuter RailDriveWalkDistance
Beacon Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 10 min - 5.0 mi
Salisbury Mills Cornwall (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit), Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit)) 15 min - 7.4 mi
AirportDriveWalkDistance
New York Stewart International 12 min - 6.1 mi
Steven Salomone 845-231-1727 Houlihan Lawrence Commercial
Steven Salomone 845-231-1727 Houlihan Lawrence Commercial