257 Broadway Newburgh, NY 12550

Building Details

Year Built

1900

Listing agency Keller Williams Realty a***@gmail.com Show Phone

Listed by Craig Pelsue Show Phone

Source Elliman

Added: Jun 3 Updated: Jul 10 at 4:00PM Checked: Jul 19 at 4:18AM

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Investment Insights

Based on property information with market context.

This mixed-use property is currently 100% occupied, combining residential and commercial space under one roof. The upper level includes two residential units, each a 2-bedroom layout. On the Broadway level, there are two commercial units: one is already leased, while the second commercial unit needs some construction to complete and is not currently rented.

The building is positioned with both commercial spaces located at the Broadway level, supporting walk-up access for street-level business. WalkScore is listed at 87 (very walkable) and BikeScore is listed at 55 (bikeable), which can be relevant for tenant and customer access.

From an operating standpoint, the existing gross rental income is stated at $61,500 annually based on current occupancy. If the second commercial space is completed and leased, projected gross rental income is $85,500, with NOI projected at $64,795 as provided. This structure can appeal to buyers looking for a mixed-use setup that pairs ongoing residential income with street-level retail opportunities requiring light completion for the additional commercial lease.

Key Highlights

• Mixed‑use building (built 1900) with 2 residential units (2BR apartments) above two commercial units on Broadway level
• Currently 100% occupied; second commercial unit is not currently rented and needs some construction to complete
• Gross rental income is $61,500 annually as‑is

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FAQs

What type of property is this?

Mixed-use property - Two commercial units on Broadway level complement two 2BR apartments above, with one retail unit ready for completion.

Where is this mixed-use property located?

The property is located at 257 Broadway Newburgh, NY.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Mixed‑use building (built 1900) with 2 residential units (2BR apartments) above two commercial units on Broadway level; Currently 100% occupied; second commercial unit is not currently rented and needs some construction to complete; Gross rental income is $61,500 annually as‑is