Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Victorian Multifamily Property with River Views Title is generated by Realmo AI

    2 Courtney Avenue, Newburgh, NY 12550

    View on Map
    Claim this Listing
    For Sale
    $1,575,000

    Renovated six-unit property with income potential and Hudson River views.

    Type:Commercial
    Added:
    Apr 1, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 1 at 8:08 pm

    Property Features for 2 Courtney Avenue

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1870

    We can help!

    Listing Contact
    SARAH BECKHAM HOOFF

    Listing agent SARAH BECKHAM HOOFF License #10491209114

    Listing office REATTACHED

    Listing date Apr 1, 2026

    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 REATTACHED

    HighLights

    • Sweeping, unobstructed Hudson River views preserved by a separately deeded lot.
    • Fully renovated six‑unit Victorian building blending historic charm with modern finishes.
    • Proven income history as a fully stabilized, cash‑flowing asset.
    • Turnkey investment opportunity with five long‑term rentals and one high‑performing short‑term rental unit.
    • Prime location on Bay View Terrace, Newburgh's most picturesque bluff street.
    • Meticulously restored property, transformed from derelict to a crown jewel of the neighborhood.

    Overview

    Located on Bay View Terrace in Newburgh, 2 Courtney Avenue is a six-unit Victorian property with Hudson River views. The property has undergone a full-scale renovation. The current configuration includes five long-term rentals and one short-term rental unit. The property has a history as a short-term rental operation, demonstrating income potential and operational flexibility. A separately deeded lot across the street is included in the sale, preserving unobstructed river views. The property offers a blend of historic charm with modern finishes, providing a turnkey experience for investors and tenants. The property is positioned in one of the most desirable areas of the city.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.0098803
    Latitude
    41.4923868

    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?
    Apartment building - Renovated six-unit property with income potential and Hudson River views.
    Where is this apartment building located?
    The property is located at 2 Courtney Avenue Newburgh, NY.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Sweeping, unobstructed Hudson River views preserved by a separately deeded lot.; Fully renovated six‑unit Victorian building blending historic charm with modern finishes.; Proven income history as a fully stabilized, cash‑flowing asset.
    (845) 420-8965
    We can help!
    Listing Contact
    SARAH BECKHAM HOOFF
    Real Estate License ID: 10491209114
    Learn More
    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
    2 Courtney Avenue, 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!