59-61 Broadway Newburgh, NY 12550
Rare mixed-use portfolio with income-producing properties in a desirable location.
Lot size:
0.71 AcresProperty Features for 59-61 Broadway
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.71 Acres
Building Details
- Year built
- 1893
Source:
Elliman
Listing Agent: Lyra Blumenthal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Portfolio with Income Potential
This offering presents a rare opportunity to acquire a fully occupied portfolio of residential and commercial income-producing properties, available for the first time. The portfolio comprises three separate tax parcels, each offering unique characteristics and strong cash flow. One parcel features an income-generating parking lot with approximately 40 car spaces, fully leased and providing consistent monthly income with low overhead and maintenance. Another parcel includes a multi-use building with two ground-floor commercial storefronts with established tenants and 17 residential apartments above, featuring a mix of studio, one-bedroom, and two-bedroom units. This building maintains high occupancy and a stable rental history, with potential for modernization and rental upside. The third parcel is a historic mixed-use building, formerly the Brewster Hook and Ladder Company firehouse built in 1862, now operating as a gift store and framing shop. This charming historic structure features a classic stone fireplace façade, with ground floor commercial retail space and two upper-level office suites, all fully leased. The properties are located in a desirable, well-trafficked location and offer value-add potential through renovation or redevelopment. This portfolio is ideal for investors seeking a balanced mix of commercial and residential assets, presenting a generational opportunity to secure a highly visible, income-producing asset with historic charm and development upside.
Location Intelligence
Current Use by Public Records
Parking lots & garages
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0090734
- Latitude
- 41.499572
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Rare mixed-use portfolio with income-producing properties in a desirable location.
Where is this mixed-use property located?
The property is located at 59-61 Broadway Newburgh, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: - Rare mixed-use portfolio with 3 separate income-producing parcels offered for the first time.; - Fully occupied with strong cash flow from a mix of 17 residential apartments and commercial tenants.; - Income-generating parking lot (40 cars) with low overhead and consistent monthly income.
