238-240 Grand Street Newburgh, NY 12550
Historic multifamily property with income potential in Newburgh, NY.
Type:Commercial
Lot size:
0.17 Acres- Added:
- Feb 9, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 5 at 9:02 pm
Property Features for 238-240 Grand Street
General Information
- Standard status
- Active
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing agent JAKE M. PONESSI
Listing office RE/MAX BENCHMARK REALTY GROUP (845) 565-0004
Listing date Feb 9, 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 RE/MAX BENCHMARK REALTY GROUP
Overview
Six-Unit Multifamily Investment Property
The property at 238–240 Grand Street is a six-unit multifamily investment with approval for a basement unit. Housed within a late-19th-century brick residence, the building features solid masonry walls, ornate cornice work, and classic proportions. Originally constructed as a grand single residence, it has been adapted into income-producing apartments while retaining its architectural character. The apartments feature wide window bays, generous ceiling heights, and substantial wall construction. The property delivers stabilized in-place income at a competitive cap rate, supported by a straightforward expense profile and proven tenancy. The structure’s load-bearing brick construction with wood-framed floors and roof offers long-term durability. The offering includes an adjacent lot used exclusively for off-street parking. Situated moments from the Newburgh Waterfront and key regional employers, the property benefits from consistent rental demand.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0089
- Latitude
- 41.5081
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Historic multifamily property with income potential in Newburgh, NY.
Where is this apartment building located?
The property is located at 238-240 Grand Street Newburgh, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Stabilized in‑place income at a competitive cap rate with proven tenancy.; Off‑street parking included - a valuable amenity for tenant retention.; Durable, load‑bearing brick construction ensures long‑term structural integrity.
