|
Located on “The Bluff” in Newburgh’s historic Washington Heights neighborhood, this spacious two-family home offers an exceptional opportunity for both investors and owner occupants alike. Positioned on a charming residential street with seasonal Hudson River views, this classic property combines character, functionality, and strong income potential in one of the City of Newburgh’s most desirable locations. Each generously sized unit offers approximately 1, 238 square feet with 2 bedrooms, spacious living areas, separate entrances, and private outdoor space including front porches and rear decks. The flexible layout provides comfortable living for tenants or an owner occupant seeking rental income to offset expenses. Separate utilities with tenants paying their own gas and electric make for an attractive and efficient investment setup. The home’s classic façade and elevated setting create wonderful curb appeal, while the location places you just moments from the renowned Newburgh waterfront featuring exceptional restaurants, cafes, breweries, and scenic riverfront activities. Easy access to Interstate 84, the Newburgh-Beacon Bridge, NYS Thruway, and Stewart International Airport makes this an ideal commuter location as well. The rear yard offers additional outdoor enjoyment with mature trees and private space for relaxing or entertaining. Both units enjoy their own distinct entrances and outdoor living areas, adding privacy and convenience rarely found in multifamily properties of this size and character. Whether you are searching for a long-term investment property, a multigenerational setup, or the perfect owner-occupied opportunity in one of Newburgh’s most sought-after neighborhoods, 52 Bay View Terrace delivers location, versatility, and value. Enjoy seasonal river views, historic neighborhood charm, and proximity to the continued revitalization of the City of Newburgh while building equity in a well-positioned multifamily property.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$398,893
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $319,114 | $319,114 | $319,114 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $1,134 | $1,134 | $1,134 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,965 | $2,043 | $2,671 |
| Total Monthly Payment | $3,174 | $3,252 | $3,880 |
* 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.