Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Investment Building For Sale Title is generated by Realmo AI

    185 Broadway, Newburgh, NY 12550

    View on Map
    Claim this Listing
    For Sale
    $799,000

    Fully renovated, leased mixed-use building with commercial space and apartments.

    Type:Commercial
    Lot size:
    0.05 Acres
    Added:
    Nov 6, 2025
    Days on Market:
    210
    Last Refresh:
    Apr 5 at 9:09 pm

    Property Features for 185 Broadway

    General Information

    Standard status
    Active
    Lot size
    0.05 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    HILARY R. GOLDMAN
    HILARY R. GOLDMAN

    Listing agent HILARY R. GOLDMAN License #10401329553

    Listing office RAND COMMERCIAL

    Listing date Nov 6, 2025

    Source Corcoran

    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 RAND COMMERCIAL

    HighLights

    • 8. 5% CAP, turn‑key investment property, fully leased.
    • Fully renovated in 2024 with new roof, floors, walls, HVAC, water heaters, bathrooms, kitchens, and windows.
    • Street level commercial space leased to a Fortune 2500 company.
    • High visibility location with over 15,000 cars per day.
    • Located in the City of Newburgh's Broadway corridor, undergoing economic development projects, including a new hotel and deep port dock.
    • 2" water line available in commercial space, suitable for high water usage tenants.

    Overview

    This mixed-use building, fully renovated in 2024 and fully leased, presents an investment opportunity. It features a street-level commercial space leased to a Fortune 2500 company, along with four residential units above. The building has undergone extensive renovations, including a new roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, and windows. The property is connected to municipal water, sewer, and gas services. The ground floor space previously housed a laundromat and retains a 2" water line, making it suitable for businesses with high water usage such as a laundromat, hair or nail salon, restaurant, or spa. The location benefits from high visibility, with over 15,000 cars passing by daily. Located on the Broadway corridor in the City of Newburgh, the property is situated in an area undergoing economic development projects. A new hotel and spa adaptive reuse assemblage is planned a few blocks away. The city government is planning a deep port dock to accommodate large passenger cruise ships and utilize the nearby international airport. Highway access to two interstates and the MTA train station across the bridge facilitate commuting and visits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.0154
    Latitude
    41.5001

    Nearby Similar for Sale

    • $889,999
      10,000 SF

      Newburgh Office/Medical/Religious Facility

      10,000 SF building on 1.1 acres in Newburgh, NY.
      4 Corwin Court, Newburgh, NY 12550
      View Details
    • $399,999
      11,000 SF

      Historic Newburgh Building on Broadway

      Iconic 11,000+ sq. ft. building ready for redevelopment.
      315 Broadway, Newburgh, NY 12550
      View Details
    • $549,999
      2,400 SF

      Mixed-Use Building in Newburgh

      Mixed-use property with retail space and two apartments in Newburgh.
      402 Broadway, Newburgh, NY 12550
      View Details
    • $629,000
      2,955 SF

      Renovated Victorian Multi-Family Home

      Historic Newburgh Victorian with modern upgrades and flexible living options.
      154 3rd Street, Newburgh, NY 12550
      View Details
    • $899,000
      3,000 SF

      Newburgh Commercial Property For Sale

      Well-maintained 3-acre property with versatile structures and ample parking.
      1860 Route 300, Newburgh, NY 12550
      View Details
    • $420,000

      Newburgh Two-Family Remodeled Home

      Remodeled two-family home with strong rental income in Newburgh.
      52 Lander Street, Newburgh, NY 12550
      View Details
    • $999,000

      Newburgh Commercial Building For Sale

      Commercial building for sale or lease in Newburgh, NY.
      150 Route 17K, Newburgh, NY 12550
      View Details
    • $550,000

      Newburgh Mixed-Use Investment Opportunity

      Residential/Commercial property with development potential in Newburgh, NY.
      788 Broadway, Newburgh, NY 12550
      View Details
    • $475,000

      Versatile Ranch Property with Annex

      Flexible multi-use property ideal for medical, retail, or professional use.
      169 N Plank Road, Newburgh, NY 12550
      View Details
    • $1,200,000

      Newburgh Industrial Opportunity For Sale

      Prime industrial space with redevelopment potential in Newburgh, NY.
      25 Carpenter Avenue, Newburgh, NY 12550
      View Details
    • $469,000

      Spacious Newburgh Multi-Family Property

      Well-maintained two-family home with rental or owner-occupancy potential.
      27-28 Williamsburg Drive, Newburgh, NY 12550
      View Details
    • $799,000

      Newburgh Commercial Opportunity For Sale

      Commercial property with potential for dental or medical office.
      468 Gidney Avenue, Newburgh, NY 12550
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated, leased mixed-use building with commercial space and apartments.
    Where is this mixed-use property located?
    The property is located at 185 Broadway Newburgh, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 8. 5% CAP, turn‑key investment property, fully leased.; Fully renovated in 2024 with new roof, floors, walls, HVAC, water heaters, bathrooms, kitchens, and windows.; Street level commercial space leased to a Fortune 2500 company.
    (845) 294-3100
    We can help!
    Listing Contact
    HILARY R. GOLDMAN
    HILARY R. GOLDMAN
    Real Estate License ID: 10401329553
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    185 Broadway, Newburgh, NY 12550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!