Price Reduced 12.00%
Price History
$1,250,000
1/28/2026
$1,100,000
4/7/2026
$1,099,999
4/23/2026
203 Grand Street, Newburgh, NY, 12550
1880
Set in the heart of Newburgh, this historic multifamily reflects the grit, beauty, and permanence of classic Hudson Valley architecture. Built during a time when craftsmanship mattered, the building offers solid construction, generous proportions, and the kind of character that can’t be replicated today — all within a region increasingly sought after by city buyers and long-term investors alike. The property features 6 legal in-place residential units plus separate garage income, providing immediate, stabilized cash flow. Adding to the opportunity are 2 city-approved basement units, offering a thoughtful value-add path for investors looking to enhance returns while respecting the integrity of the structure. All future construction is to be completed in accordance with the approved site plan and sprinkler plan. Newburgh continues to benefit from its proximity to the Hudson River, Metro-North access, and the broader migration to the Hudson Valley driven by lifestyle, affordability, and historic charm. This asset represents a compelling blend of old-world character and modern investment potential, ideal for a 1031 exchange buyer or long-term holder seeking both yield and story.
Status:
Active
Type:
Commercial
Units:
6
Heating:
Natural Gas
Cooling:
Wall/Window Unit(s)
Basement:
Finished
Levels:
3
Parking:
On Street
Acreage:
0.09
Est. Taxes:
$22,236
Assessment
$787,500
Construction
Brick, Frame
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Elementary School:
Newburgh
Middle School:
Newburgh
High School:
Newburgh Free Academy
School District:
Newburgh
Days on Market:
89
MLS #:
956229
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of RE/MAX Benchmark Realty Group 845-565-0004