Two-Unit Duplex with Updated
For Sale
$350,000
100 Carson Ave, Newburgh, NY 12550
Both residences are occupied and include three bedrooms, a full bath, and a living room.
Property Size1,584 SF
Price / SF$220.96
Days on Market29
Property Features for 100 Carson Ave
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1900
Listing Agency:
Flag Realty Group
Listed By:
Joseph Rosenfeld
Source:
Searchhomesinlongisland
Added: Oct 7
Changed: Nov 4
Last Checked: Nov 4 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flag Realty Group
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,584 square feet. Each residence has three bedrooms, one full bathroom, a living room, and a recently installed kitchen. The upper unit also includes an additional room and attic space. The property was built in 1900, and its windows and bathroom tile have been replaced. A boiler and hot water tank were installed in 2015.
The property is at 100 Carson Ave in Newburgh, New York, and includes a backyard.
The property is at 100 Carson Ave in Newburgh, New York, and includes a backyard.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bath
- Both units have living rooms and recently installed kitchens
- Upper unit includes an additional room and attic space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,484
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,680
$629.7K
Cap Rate 7%
$449,771
$449.8K
Cap Rate 9%
$349,822
$349.8K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$46.6K $29.40/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$45.0K $28.39/SF
− OpEx
−$13.5K −$8.52/SF
NOI
$31.5K $19.88/SF
Area
Orange County, NY
Vacancy
3.42%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,680
Cap Rate 7%
$449,771
Cap Rate 9%
$349,822
Alternative Uses
Best Use
Multifamily LT 5
$449.8K
$393.6K – $524.7K
NOI $31,484 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$423.3K
$370.4K – $493.8K
NOI $29,629 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$536.5K
$469.4K – $625.9K
NOI $37,554 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
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Business Placement
Demographics for 12550, NY
55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include three bedrooms, a full bath, and a living room.
Where is this duplex located?
The property is located at 100 Carson Ave Newburgh, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bath; Both units have living rooms and recently installed kitchens; Upper unit includes an additional room and attic space
