112 BroadwayNewburgh, NY 12550

Property Details for 112 Broadway

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

7,242 SF

Zone code

BC

Property type

Investment properties

Property subtype

Live-work space

APN

331100 30-5-29

APU

33110030529

Description

This exceptional mixed-use property at 112 Broadway in Newburgh, NY, presents a compelling investment opportunity. The building, totaling 9,656 square feet, sits on a 0.05-acre lot and offers significant upside potential. Currently, the structure is weather-sealed with a newly framed-out interior, ensuring a solid foundation for the next owner. The building's structural integrity is sound, and drainage lines are in place. The interior requires finishing, allowing for customization and the selection of desired accents. The property comprises nine residential units – four studios and five two-bedroom apartments – situated above a single retail space. Approved plans are available for review upon request, providing a clear roadmap for completion. This unique offering is further enhanced by the availability of creative seller financing options, making it an attractive proposition for discerning investors seeking a hands-on project with substantial return potential. The property's location in Newburgh, NY, offers access to a growing market and presents a chance to capitalize on the area's revitalization. The combination of residential and retail space provides a diversified income stream and a strong foundation for long-term growth. This is a rare opportunity to acquire a well-positioned property with significant value-add potential. Don't miss out on this chance to shape the future of this promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,321,450

  6.5%

  $1,219,800

  7%

  $1,132,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $947,521

  Geo Method

  $946,240

• Alternative Use

  Use

  Valuation

  Residential

  $1,512,553

  Hospitality

  $1,385,490

  Educational

  $1,152,712

  Medical

  $1,192,355

  Retail

  $1,793,107

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.5003

Longitude

-74.0115

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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