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298 Grand Street Newburgh, NY 12550

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For Sale
$850,000

Turn-key rental property with pride of ownership and income potential.

Lot size:
0.11 Acres
Added:
Nov 16, 2025
Days on Market:
136
Last Refresh:
Mar 16 at 11:02 am

Property Features for 298 Grand Street

General Information

Standard status
Active
Lot size
0.11 Acres

Building Details

Year Built
1900

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Listing Contact
DENNIS P BARR

Listing agent DENNIS P BARR

Listing office JOHN J LEASE REALTORS INC

Listing date Nov 16, 2025

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 JOHN J LEASE REALTORS INC


Overview

Well-Maintained Rental Property

This exceptionally well-maintained rental property presents a turn-key operation, reflecting pride of ownership. The property allows for immediate collection of prorated rent at closing, with no deferred maintenance required. Most of the apartments are equipped with a dishwasher. A coin-operated washer and dryer are available in the basement for tenant use. The roof is approximately 6 years old, and the furnace is approximately 15 years old. The current monthly rental income is $9350, with an increase to $9475 scheduled for June 1, 2026. The average monthly expenses for 2025 are $4080.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

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

Location Insight

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City
Newburgh
County
Orange
State
New York
Longitude
-74.008851
Latitude
41.510236

FAQs

What type of property is this?
Apartment building - Turn-key rental property with pride of ownership and income potential.
Where is this apartment building located?
The property is located at 298 Grand Street Newburgh, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Turnkey rental property ready for immediate income with no deferred maintenance.; Current monthly rental income of $9350, increasing to $9475 in June 2026.; Coin‑operated washer and dryer in the basement for tenant convenience.
More about this property
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