Duplex With Separate
367 Liberty Street, Newburgh, NY 12550
For Sale
$339,000
Two two-bedroom units include one occupied apartment and one vacant unit requiring renovation.
Property Size1,600 SF
Price / SF$211.88
Days on Market58
Property Features for 367 Liberty Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
ReAttached
Listed By:
Sarah Beckham Hooff · License #KEY44770
(845) 420-8965
Source:
Hhir
Added: Sep 13
Changed: Nov 8
Last Checked: Nov 8 at 7:39PM
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 ReAttached
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Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex at 367 Liberty Street dates to 1900 and contains two two-bedroom apartments, each with a separate entrance. The upper apartment is occupied and in good condition; the lower unit is vacant and requires renovation.
The property may also be acquired with neighboring properties at 363, 365, and 369 Liberty Street, forming an eight-unit portfolio.
The property may also be acquired with neighboring properties at 363, 365, and 369 Liberty Street, forming an eight-unit portfolio.
Key Highlights
- Two apartments, each with two bedrooms and its own entrance
- Upper unit is occupied and in good condition; lower unit is vacant and requires renovation
- 1,600 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,929
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,580
$598.6K
Cap Rate 7%
$427,557
$427.6K
Cap Rate 9%
$332,544
$332.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$56.4K $35.28/SF
− Vacancy
−$2.0K −$1.27/SF
EGI
$54.4K $34.01/SF
− OpEx
−$24.5K −$15.30/SF
NOI
$29.9K $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 Rate 5%
$598,580
Cap Rate 7%
$427,557
Cap Rate 9%
$332,544
Alternative Uses
Best Use
Multifamily LT 5
$454.3K
$397.5K – $530.0K
NOI $31,802 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$427.6K
$374.1K – $498.8K
NOI $29,929 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$541.9K
$474.2K – $632.2K
NOI $37,933 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
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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
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Market
Properties on Market for Duplexes in Newburgh
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units include one occupied apartment and one vacant unit requiring renovation.
Where is this duplex located?
The property is located at 367 Liberty Street Newburgh, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and its own entrance; Upper unit is occupied and in good condition; lower unit is vacant and requires renovation; 1,600 square feet; built in 1900
