59-61, 75-77-79 Broadway, Newburgh, NY, 12550
1893
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 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.
Status:
Active
Type:
Commercial
Units:
22
Heating:
Natural Gas
Cooling:
Central Air, Varies by Unit
Basement:
Unfinished
Levels:
4
Parking:
40-car, Off Street, Parking Lot, Private
Acreage:
0.71
Est. Taxes:
$47,600
Assessment
$1,453,000
Construction
Brick
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Lot Description:
City Lot, Corner Lot, Historic District, Near Shops
View Description:
Mountain(s)
Elementary School:
Newburgh
Middle School:
Newburgh
High School:
Newburgh Free Academy
School District:
Newburgh
Days on Market:
51
MLS #:
861108
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of RE/MAX Benchmark Realty Group 845-565-0004