Stabilized 21-Unit Apartment
For Sale
Contact for pricing
363 Liberty Street, Newburgh, NY 12550
Stabilized 21-unit apartment portfolio with interior renovation upside and a vacant lot potentially supporting additional development.
Property Size20,094 SF
Price / SF$209.02
Days on Market131
Property Features for 363 Liberty Street
General Information
Standard status
Active
Size
20,094 SF
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$275,398
Building Details
Year Built
1900
Buildings
3
Units
21
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Seth Glasser · License #NY 10301209629
Source:
Crexi
Added: Apr 14
Changed: Aug 14
Last Checked: Aug 14 at 7:50AM
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.
This for-sale portfolio consists of 21 residential units and is currently stabilized. It includes an identified opportunity to increase revenue through continued interior unit renovations. The offering also includes a vacant lot, which may support development of an additional three-family building.
The properties are located in the City of Newburgh, with regional connectivity near Interstate 84, the New York State Thruway, and Stewart International Airport. The portfolio is minutes from the Beacon Metro-North Station with direct service to Grand Central Terminal, and it is also about 20 minutes from the United States Military Academy. Employment demand in the area is supported by healthcare, retail, and education employers, including Mount Saint Mary College, Orange Community College, and St. Luke’s Montefiore Hospital.
Positioned within Newburgh’s historic core just blocks from the Hudson River waterfront, the portfolio is in a district that has seen revitalization with restaurants, arts venues, and local businesses.
The properties are located in the City of Newburgh, with regional connectivity near Interstate 84, the New York State Thruway, and Stewart International Airport. The portfolio is minutes from the Beacon Metro-North Station with direct service to Grand Central Terminal, and it is also about 20 minutes from the United States Military Academy. Employment demand in the area is supported by healthcare, retail, and education employers, including Mount Saint Mary College, Orange Community College, and St. Luke’s Montefiore Hospital.
Positioned within Newburgh’s historic core just blocks from the Hudson River waterfront, the portfolio is in a district that has seen revitalization with restaurants, arts venues, and local businesses.
Key Highlights
- Stabilized 21‑unit apartment portfolio with potential to increase revenue through continued interior unit renovations
- Vacant lot included in the portfolio may support development of an additional three‑family building
- Portfolio located in Newburgh’s historic core, blocks from the Hudson River waterfront
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$375,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,517,340
$7.5M
Cap Rate 7%
$5,369,529
$5.4M
Cap Rate 9%
$4,176,300
$4.2M
Market Conditions
NOI Build-Up for 20,094 SF
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.
Gross rent
$708.9K $35.28/SF
− Vacancy
−$25.5K −$1.27/SF
EGI
$683.4K $34.01/SF
− OpEx
−$307.5K −$15.30/SF
NOI
$375.9K $18.71/SF
Area
Orange County, NY
Vacancy
3.60%
Lease Rate
$35.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,517,340
Cap Rate 7%
$5,369,529
Cap Rate 9%
$4,176,300
Alternative Uses
Best Use
Apartment 5plus
$5.37M
$4.70M – $6.26M
NOI $375,867 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.81M
$5.95M – $7.94M
NOI $476,392 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
772
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 21-unit apartment portfolio with interior renovation upside and a vacant lot potentially supporting additional development.
Where is this apartment building located?
The property is located at 363 Liberty Street Newburgh, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Stabilized 21‑unit apartment portfolio with potential to increase revenue through continued interior unit renovations; Vacant lot included in the portfolio may support development of an additional three‑family building; Portfolio located in Newburgh’s historic core, blocks from the Hudson River waterfront
