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$785,000
Est. payment /mo
2,500 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1023969
Rental Info No
Year Built 1890
Annual Tax Amount $6,023
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Mixed Use
Source onekey2
Property Description
Exceptional mixed-use investment opportunity in the heart of Downtown Newburgh! This well-maintained brick building features one ground-floor commercial space and three spacious three-bedroom residential apartments, offering a strong and diversified income stream.
Current rents are as follows:
Commercial Space: $1,900/month
Apartment 1: $1,635/month
Apartment 2: $1,447/month
Apartment 3: $1,290/month
With the residential units currently rented below market value, this property offers significant upside potential for future income growth. The building was completely gutted approximately 30 years ago and underwent extensive remodeling just two years ago, providing updated interiors while maintaining the character of this historic downtown property.
Located on vibrant Liberty Street, you'll be surrounded by the best of Downtown Newburgh. Enjoy charming shops, restaurants, and cafés along the Liberty Street corridor, including local favorites such as Ms. Fairfax, Bivona's Simply Pasta, The Wherehouse, and Café Little Treasure. The neighborhood also offers a lively nightlife scene with destinations like Midnight Ferry, Newburgh Brewing Company, and 190 Bar.
Residents and patrons alike will appreciate being just minutes from Downing Park, designed by Central Park architect Calvert Vaux, SUNY Orange, Mount Saint Mary College, local art galleries, studios, the Newburgh Free Library, and Washington's Headquarters State Historic Site. The scenic Newburgh Waterfront, featuring a variety of restaurants and entertainment, is just a short walk away, while New York Stewart International Airport is only a short drive from the property.
Whether you're looking to expand your investment portfolio or complete a 1031 exchange, 103 Liberty Street presents an outstanding opportunity to acquire a turnkey mixed-use property with stable cash flow, recent renovations, and excellent long-term appreciation potential in one of the Hudson Valley's fastest-growing downtown markets.
Current rents are as follows:
Commercial Space: $1,900/month
Apartment 1: $1,635/month
Apartment 2: $1,447/month
Apartment 3: $1,290/month
With the residential units currently rented below market value, this property offers significant upside potential for future income growth. The building was completely gutted approximately 30 years ago and underwent extensive remodeling just two years ago, providing updated interiors while maintaining the character of this historic downtown property.
Located on vibrant Liberty Street, you'll be surrounded by the best of Downtown Newburgh. Enjoy charming shops, restaurants, and cafés along the Liberty Street corridor, including local favorites such as Ms. Fairfax, Bivona's Simply Pasta, The Wherehouse, and Café Little Treasure. The neighborhood also offers a lively nightlife scene with destinations like Midnight Ferry, Newburgh Brewing Company, and 190 Bar.
Residents and patrons alike will appreciate being just minutes from Downing Park, designed by Central Park architect Calvert Vaux, SUNY Orange, Mount Saint Mary College, local art galleries, studios, the Newburgh Free Library, and Washington's Headquarters State Historic Site. The scenic Newburgh Waterfront, featuring a variety of restaurants and entertainment, is just a short walk away, while New York Stewart International Airport is only a short drive from the property.
Whether you're looking to expand your investment portfolio or complete a 1031 exchange, 103 Liberty Street presents an outstanding opportunity to acquire a turnkey mixed-use property with stable cash flow, recent renovations, and excellent long-term appreciation potential in one of the Hudson Valley's fastest-growing downtown markets.
Location
State NY
County Orange County
Interior
Heating Baseboard
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Newburgh
School District Newburgh
Others
Special Listing Condition None
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Listed by Brick and Mortar RE LLC • Daniel Gilbert
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