Renovated Mixed-Use Investment
For Sale
$799,000
Pending
185 Broadway, Newburgh, NY 12550
Turn-key, fully leased mixed-use building with commercial space and apartments.
Property SizeContact for details
Lot Size0.05 Acres
Days on Market165
Property Features for 185 Broadway
General Information
Standard status
Pending
Lot size
0.05 Acres
Property subtype
Commercial
Listing Agency:
RAND COMMERCIAL
(845) 500-0784
Listed By:
Hilary R. Goldman · License #NY10401341414
(845) 500-0784
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Aug 21 at 7:43AM
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
Investment Insights
Based on property information with market context.
This mixed-use property, fully renovated in 2024 and fully leased, presents an investment opportunity. The building features one street-level commercial space leased to a Fortune 2500 company, accompanied by four residential units above. Extensive renovations include a new roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, and windows. The property has municipal water, sewer, and gas connections. The ground floor space previously housed a laundromat and retains a 2" water line, making it suitable for tenants with high water usage, such as a laundromat, hair or nail salon, restaurant, or spa. The property benefits from high visibility, with over 15,000 cars passing by daily. Located on the Broadway corridor in the City of Newburgh, the area is undergoing economic development projects, including a new hotel and spa adaptive reuse assemblage 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 visitation.
Key Highlights
- 8. 5% CAP rate turn‑key investment property.
- Fully renovated in 2024 with new roof, floors, walls, HVAC, water heaters, bathrooms, kitchens, and windows.**
- Fully leased with a street‑level commercial space leased to a Fortune 2500 company and 4 residential units.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turn-key, fully 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 rate turn‑key investment property.; Fully renovated in 2024 with new roof, floors, walls, HVAC, water heaters, bathrooms, kitchens, and windows.**; Fully leased with a street‑level commercial space leased to a Fortune 2500 company and 4 residential units.
