Mixed-Use Building in
402 Broadway, Newburgh, NY 12550
SINGLE_FAMILY - Newburgh, NY
Type:Retail
Property size:
2,400 SFLot size:
0.06 AcresPrice / SF:
$229/SF- Added:
- May 19, 2026
- Days on Market:
- 12
- Last Refresh:
- May 30 at 12:06 pm
Property Features for 402 Broadway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- BC
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Unfinished
- Appliances
- Gas Oven, Refrigerator
- Standard status
- Active
- APN
- 331100-028-000-0003-030.130-0000
- Size
- 2,400 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 12196
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Linoleum, Tile
- Building materials
- Brick
Listing agent Richard Baxter License #10401254733 (845) 494-4715
Listing office Keller Williams Realty 69 Brookside Ave. Ste 225, Chester, NY (845) 928-8000
Listing date May 19, 2026
MLS# 1001898
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic location with excellent street visibility in the vibrant City of Newburgh.
- Mixed‑use property featuring a 2,400 sq ft commercial space and two 2‑bedroom apartments.
- Established commercial space with existing infrastructure for a bakery/restaurant, including a large kitchen, display cases, and seating.
- Opportunity for rental income from two 2‑bedroom apartments.
- Convenient location near the Hudson River waterfront and major transportation routes (Route 9W, Route 32, I‑84, Newburgh‑Beacon Bridge).
- Full unfinished basement provides extensive storage space.
Overview
This mixed-use property is located in the City of Newburgh. The classic brick building has been home to an Italian bakery since the 1970s. The ground floor features approximately 2,400 square feet of retail and commercial space with street visibility and large display windows. The front retail area includes terrazzo-style flooring, glass bakery display cases, stand-alone refrigerated coolers, a commercial espresso and coffee station, and a seating area. The footprint flows into a rear commercial kitchen and prep area with heavy-duty utility infrastructure, ample workspace, walk-in refrigeration capability, and a full unfinished basement for storage. The second floor features two separate 2-bedroom apartments spanning approximately 1,000 square feet, accessible via a private stairwell with a glass-paned door and a decorative wooden newel post. These radiator-heated units offer natural light, ceiling fans, classic columned room dividers, and eat-in kitchens equipped with white cabinetry, double basin sinks, and gas ranges. The building is situated blocks away from Newburgh's Hudson River waterfront and is surrounded by businesses. The property is near the Route 9W and Route 32 intersections, and a 10-minute drive from Interstate 84 and the Newburgh-Beacon Bridge. The lot size is 0.0574 acres.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.6k | $29.40 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $68.1k | $28.39 |
| − OpEx | −$20.4k | −$8.52 |
| NOI | $47.7k | $19.88 |
2,400 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$681.5K
$596.3K – $795.1K
NOI $47,703 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$641.3K
$561.2K – $748.2K
NOI $44,893 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0260195
- Latitude
- 41.5012678
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with retail space and two apartments in Newburgh.
Where is this mixed-use property located?
The property is located at 402 Broadway Newburgh, NY.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: High‑traffic location with excellent street visibility in the vibrant City of Newburgh.; Mixed‑use property featuring a 2,400 sq ft commercial space and two 2‑bedroom apartments.; Established commercial space with existing infrastructure for a bakery/restaurant, including a large kitchen, display cases, and seating.
