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47 Lander Street, Newburgh, NY 12550 A rare, fully gut-renovated mixed-use building in the heart of Newburgh's coveted East End Historic District — completely move-in ready, with zero deferred maintenance. Built circa 1870 and taken down to the studs, 47 Lander Street has been reborn as one of the most meticulously renovated properties in the Hudson Valley. Every single system is new: roof, electrical, plumbing, HVAC (mini-split systems throughout), and a full-building sprinkler system. The sidewalk is new. The design is new. This is not a cosmetic renovation. This is a complete transformation, executed with care and pride of ownership. The building offers two turn-key ground-floor restaurant and commercial spaces, fully built out and ready to operate (businesses sold separately), one two-bedroom residential apartment, one one-bedroom residential apartment, a private alleyway with two access points wrapping the building, and a corner position with brand-new sidewalks and striking curb appeal. New roof. New electrical. New plumbing. Mini-split heating and cooling in every unit and apartment. New full-building sprinkler system. A complete gut renovation covering walls, finishes, and infrastructure. Everything. 47 Lander Street sits one block from Broadway, Newburgh's main commercial corridor, and within walking distance of the Newburgh Waterfront and the Hudson River. The East End Historic District is one of New York State's largest collections of architecturally significant properties, and investment and energy have been flooding this neighborhood for years. The building is minutes to Beacon Metro-North Station with direct service to New York City, with easy access to I-84, I-87, and Route 9W, close to Stewart International Airport, near Downing Park, and walking distance to Newburgh's growing restaurant, art, and retail scene. Most mixed-use properties in this price range come with hidden costs: aging mechanicals, outdated wiring, deferred repairs. Not this one. 47 Lander Street is the definition of turn-key. An investor or owner-operator can step in on day one with full confidence in every inch of the building. The residential units offer strong rental upside in a market with rising demand, while the two commercial restaurant spaces represent immediate income-generating assets in a high-foot-traffic location. Businesses operating within the commercial spaces are not included in the sale and will be negotiated separately. 47 Lander Street. Historic bones. New everything. Newburgh's most beautiful corner.
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Our Executive Mortgage Banker:
$930,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $744,000 | $744,000 | $744,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $1,069 | $1,069 | $1,069 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,224 | $4,581 | $6,278 |
| Total Monthly Payment | $5,385 | $5,742 | $7,439 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.