Mixed-Use Building Investment
94 William St Newburgh, NY 12550
94 William St, Newburgh, NY, 12550
$699,900
For Sale
$699,900
5,786 SF corner building with income potential in high-growth area.
Property Size5,786 SF
Lot Size0.06 Acres
Price / SF$120.96
Days on Market134
Property Features for 94 William St
General Information
- Standard status
- Active
- Size
- 5,786 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
PICTURE IT SOLD, LLC
(845) 283-5494
Listed by
Angela Danosky · License #10401319013
(845) 283-5494
Source
Elliman
Added: Mar 10 Updated: Jul 10 at 3:48PM Checked: Jul 21 at 6:40AM
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 PICTURE IT SOLD, LLC
Investment Insights
Based on property information with market context.
This well-maintained 5,786 square foot mixed-use building presents an investment opportunity in a rapidly developing area. The property, owned by the same family for 21 years, has a solid rental history and potential for increased income. The ground floor features a commercial space occupied by a long-standing neighborhood grocery store. Above the storefront are two residential apartments, each with four bedrooms, one full bathroom, a large living room, and an eat-in kitchen. Both units have separate private entrances. Situated on a corner lot, the property is surrounded by ongoing development and revitalization. Rents are currently below market value, providing an opportunity for value-add improvements and increased cash flow. This property is suitable for investors seeking long-term growth or developers looking for a project in a thriving location. The property is located at 94 William St, Newburgh, NY 12550.
Key Highlights
- High‑growth area location with ongoing development and revitalization.
- Mixed‑use building with ground‑floor commercial space and two spacious 4‑bedroom apartments.
- Significant value‑add opportunity through increased rents currently below market value.
Local Financial Insights For Mixed Use
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 | $93.7k | $16.20 |
| − Vacancy | −$13.1k | −$2.27 |
| EGI | $80.6k | $13.93 |
| − OpEx | −$30.2k | −$5.22 |
| NOI | $50.4k | $8.71 |
5,786 SF · lease $16.20/SF/yr · vacancy 14.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.01M
$880.3K – $1.17M
NOI $70,425 @ 7.0% cap · market cap 10.06%
Second Best
Mixed Use
$719.7K
$629.8K – $839.7K
NOI $50,382 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.96M
$1.71M – $2.29M
NOI $137,175 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Garcia's Supermarket
Grocery & Convenience Store
LibertyX Bitcoin ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 5,786 SF corner building with income potential in high-growth area.
Where is this mixed-use property located?
The property is located at 94 William St Newburgh, NY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: High‑growth area location with ongoing development and revitalization.; Mixed‑use building with ground‑floor commercial space and two spacious 4‑bedroom apartments.; Significant value‑add opportunity through increased rents currently below market value.
