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Property profile

45 Grand St Newburgh, NY 12550

OFF-MARKET
Office buildings
Property ID
US63-3426220
View Sample
7,160 SF 0.13 ac lot Built 1932
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 8,920 square foot office building presents a rare investment opportunity in Newburgh, NY's Liberty/Grand Street Heritage Corridor. Formerly a bank, this stunning property boasts soaring ceiling heights, elegant marble and granite interiors, and a wealth of character. The current layout includes 17 individual offices, a dedicated conference room, a convenient kitchen, and a second-floor balcony offering captivating street views. A full basement provides ample storage space. The building benefits from designated parking at the corner of Grand Street and Broadway, ensuring convenient access for staff and clients. Its prime location offers walkability to a variety of restaurants, City Hall, and SUNY Orange Community College, enhancing its appeal and potential for high occupancy. The property is currently configured for office use but could be adapted to suit a variety of commercial needs. The asking price is $1,750,000, and creative seller financing is available. This is an exceptional opportunity to acquire a landmark building in a thriving urban setting. The building's unique history and prime location make it an ideal investment for discerning buyers seeking a high-return property with significant potential for appreciation. Consider the possibilities this remarkable building offers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1932
Total area 7,160 SF
Lot 0.13 ac (5,500 SF)
Zoning code DN
APN 331100 31-1-11.1
UPID US63-3426220

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$980k
CAP Approach CAP
by Request
Comparable Approach Comparable
$699k
Blend (final) Blend
$930k

Owner & transaction history

since 2023
Last sale
$1.0M
5 recorded transactions
2023
$1.0M
2019
Price N/A
2019
$400,000
2018
$276,000
1969
Price N/A

Zoning & alternative use

DN · Newburgh, NY
Zoning description

s Use R-1 Low-Density Residential Medium-Density Residential High-Density Residential Commercial Industrial Neighborhood Commercial Overlay Conservation Development District Broadway Corridor (BC) Downtown Neighborhood (…

General category COMMERCIAL
Top alternative use upside
Retail stores $1.5M +8.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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