238-240 Grand St Newburgh, NY 12550
New
- Added:
- Apr 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 24 at 5:38 pm
Property Features for 238-240 Grand St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing agent Lauren C. Racanelli (845) 863-7886
Listing office (845) 863-7886
Listing date Apr 24, 2026
Source Elliman
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 Lauren C. Racanelli
Overview
Six-Unit Multifamily Investment Property
The property at 238–240 Grand Street is a six-unit multifamily investment with approval for a basement unit. Housed within a late-19th-century brick residence, the building features solid masonry walls, ornate cornice work, and classic proportions. Originally constructed as a grand single residence, it has been adapted into income-producing apartments while retaining its architectural character. The apartments feature wide window bays, generous ceiling heights, and substantial wall construction. From an investment standpoint, the asset delivers stabilized in-place income at a competitive cap rate, supported by a straightforward expense profile and proven tenancy. The structure’s load-bearing brick construction with wood-framed floors and roof offers long-term durability. The offering includes an adjacent lot used exclusively for off-street parking. Situated moments from the Newburgh Waterfront and key regional employers, the property benefits from consistent rental demand while offering investors ownership of a true historic asset. The bike score is 51, indicating it is bikeable, and the walk score is 86, indicating it is very walkable.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0088562
- Latitude
- 41.5080535
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Historic multifamily property with income potential in Newburgh, NY.
Where is this apartment building located?
The property is located at 238-240 Grand St Newburgh, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Stabilized income‑producing property with a competitive cap rate and proven tenancy.; Includes an adjacent lot used exclusively for off‑street parking, a valuable amenity for tenant retention.; Located near the Newburgh Waterfront and key regional employers, ensuring consistent rental demand.
