$2,600,000
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… Read More 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. Read Less
Listing Courtesy of RE/MAX Benchmark Realty Group, 845-565-0004
Listing Snapshot
Days Online
93
Last Updated
Property Type
Multi Family
Year Built
1893
MLS Number
861108
30 Days Snapshot Of 12550
$463k
0%
(avg) sold price
37
+19%
homes sold
129
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Unfinished"
Building
Building Area: 29000, Construction Materials: "Brick", Year Built: 1893, Effective Year built: 1980
Cooling
Details: "Central Air", "Varies by Unit"
Floors
Flooring: "Carpet"
Heating
Heating: "Natural Gas"
Lot
Features: "City Lot", "Corner Lot", "Historic District", "Near Shops", Acres: 0.71
Parking
Parking Total: 40
Utilities
Sewer: "Public Sewer", Water Source: "Public", Utilities: "Cable Connected", "Electricity Connected", "Natural Gas Connected", "Sewer Connected", "Trash Collection Public", "Water Connected"
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Alex Baron
Associate Real Estate Broker

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