Six-Unit Multifamily
277 Grand Street Newburgh, NY 12550
277 Grand Street, Newburgh, NY, 12550
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For Sale
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For-sale Newburgh apartment building with studios and two- and three-bedroom units, offering flexible tenant mix.
Property Size5,250 SF
Price / SF$219.05
Days on Market53
Property Features for 277 Grand Street
General Information
- Standard status
- Active
- Size
- 5,250 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
Marcus & Millichap - Manhattan
Listed by
Seth Glasser · License #NY 10301209629
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 1:41PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
277 Grand Street is a 5,250-square-foot multifamily property for sale in Newburgh, New York. The building contains six residential units with a unit mix that includes studios, two-bedroom apartments, and three-bedroom apartments. The asset is described as a 100% fair market property.
The property is positioned in the heart of Newburgh within a residential area. Public remarks also note convenient access to local transit and major thoroughfares, along with proximity to dining, retail, and waterfront attractions.
This configuration can fit investors and owner-operators seeking a small, straightforward multifamily asset with several unit types to serve different household needs. With six apartments under one roof and an all–fair market status as stated, the property may appeal to buyers looking for an income-producing building that can be managed within a manageable unit count.
The property is positioned in the heart of Newburgh within a residential area. Public remarks also note convenient access to local transit and major thoroughfares, along with proximity to dining, retail, and waterfront attractions.
This configuration can fit investors and owner-operators seeking a small, straightforward multifamily asset with several unit types to serve different household needs. With six apartments under one roof and an all–fair market status as stated, the property may appeal to buyers looking for an income-producing building that can be managed within a manageable unit count.
Key Highlights
- 5,250 SF multifamily property built in 1900 in Newburgh, NY
- 6 residential units with a unit mix of studios, two‑bedroom, and three‑bedroom apartments
- 100% fair market asset with studios plus 2BR and 3BR units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.2k | $35.28 |
| − Vacancy | −$6.7k | −$1.27 |
| EGI | $178.6k | $34.01 |
| − OpEx | −$80.3k | −$15.30 |
| NOI | $98.2k | $18.71 |
5,250 SF · lease $35.28/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,204 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,468 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For-sale Newburgh apartment building with studios and two- and three-bedroom units, offering flexible tenant mix.
Where is this apartment building located?
The property is located at 277 Grand Street Newburgh, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,250 SF multifamily property built in 1900 in Newburgh, NY; 6 residential units with a unit mix of studios, two‑bedroom, and three‑bedroom apartments; 100% fair market asset with studios plus 2BR and 3BR units
