Mixed-Use Property with
New
For Sale
$549,000
164 Broadway, Newburgh, NY 12550
Three residential units are occupied, while the commercial space remains vacant.
Property Size4,173 SF
Price / SF$131.56
Days on Market1
Property Features for 164 Broadway
General Information
Standard status
Active
Size
4,173 SF
Property subtype
Commercial
Zoning
BC
Additional Details
Gross Income
$60,000
Mixed-Use Components
residential, retail
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,106
Amenities
private brick courtyard
Building Details
Building Size
4,173 SF
Year Built
1880
Year Renovated
2021
Stories
4
Units
3
Tenancy
Multi
Listing Agency:
MS Realty Group USA, Inc
Listed By:
Yehuda Z. Lefkowits · License #10401377852
(845) 367-7470
Source:
Moreandmorerealestate
Added: Nov 1
Last Checked: Nov 1 at 1:46AM
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 MS Realty Group USA, Inc
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Investment Insights
Based on property information with market context.
This 4,173-square-foot mixed-use property contains three occupied residential units and a vacant commercial storefront. The residential interiors feature hardwood flooring, exposed brick, and natural light, with a private brick courtyard among the property’s features. Renovations were completed in 2021; the building dates to 1880 and is zoned BC.
The property is near SUNY Orange’s Newburgh Campus, the waterfront, restaurants, shops, schools, medical services, and recreational amenities.
The property is near SUNY Orange’s Newburgh Campus, the waterfront, restaurants, shops, schools, medical services, and recreational amenities.
Key Highlights
- 4,173‑square‑foot mixed‑use property
- Three occupied residential units and one vacant commercial storefront
- Renovated in 2021; building dates to 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,336
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,720
$726.7K
Cap Rate 7%
$519,086
$519.1K
Cap Rate 9%
$403,733
$403.7K
Market Conditions
NOI Build-Up for 4,173 SF
Gross rent
$67.6K $16.20/SF
− Vacancy
−$9.5K −$2.27/SF
EGI
$58.1K $13.93/SF
− OpEx
−$21.8K −$5.22/SF
NOI
$36.3K $8.71/SF
Area
Orange County, NY
Vacancy
14.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,720
Cap Rate 7%
$519,086
Cap Rate 9%
$403,733
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,943 @ 7.0% cap · market cap 15.11%
Second Best
Apartment 5plus
$1.12M
$975.7K – $1.30M
NOI $78,058 @ 7.0% cap · market cap 14.22%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,934 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 12550, NY
55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units are occupied, while the commercial space remains vacant.
Where is this mixed-use property located?
The property is located at 164 Broadway Newburgh, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 4,173‑square‑foot mixed‑use property; Three occupied residential units and one vacant commercial storefront; Renovated in 2021; building dates to 1880
