Historic Multifamily in
For Sale
$1,099,999
203 Grand Street, Newburgh, NY 12550
Classic Hudson Valley multifamily with immediate cash flow potential.
Property SizeContact for details
Lot Size0.09 Acres
Days on Market193
Property Features for 203 Grand Street
General Information
Standard status
Active
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,236
Amenities
Natural Gas Heating
On Street
Building Details
Year Built
1880
Listing Agency:
RE/MAX BENCHMARK REALTY GROUP
(845) 565-0004
Listed By:
JAKE M. PONESSI
Source:
Corcoran
Added: Jan 28
Changed: Aug 8
Last Checked: Apr 5 at 9:04PM
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 RE/MAX BENCHMARK REALTY GROUP
Investment Insights
Based on property information with market context.
Located in Newburgh, this historic multifamily property showcases classic Hudson Valley architecture. Constructed with solid craftsmanship, the building features generous proportions and character. The property includes 6 legal in-place residential units, plus income from a separate garage, providing stabilized cash flow. There are also 2 city-approved basement units, presenting a value-add opportunity for investors. Future construction must adhere to the approved site plan and sprinkler plan. Newburgh benefits from its location near the Hudson River and Metro-North access. This property is suited for a 1031 exchange buyer or long-term holder seeking yield.
Key Highlights
- Immediate, stabilized cash flow from 6 legal in‑place residential units plus separate garage income.
- Opportunity to enhance returns with 2 city‑approved basement units (subject to approved plans).
- Historic building (Year Built: 1880) with unique character and solid construction.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,130
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Classic Hudson Valley multifamily with immediate cash flow potential.
Where is this apartment building located?
The property is located at 203 Grand Street Newburgh, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Immediate, stabilized cash flow from 6 legal in‑place residential units plus separate garage income.; Opportunity to enhance returns with 2 city‑approved basement units (subject to approved plans).; Historic building (Year Built: 1880) with unique character and solid construction.
