41-43 City Terrace N Newburgh, NY 12550

Building Details

Year Built

1930

Listing office JOHN J LEASE REALTORS INC p***@johnjleaserealtors.com Show Phone

Listing date Oct 15, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

Located in the City of Newburgh, 41-43 City Terrace is a mixed-use building featuring approximately 9200 sq. ft. of space. The property includes three apartments on the second floor and a 4,500 sq. ft. open shop on the first floor. The apartments are heated by baseboard heat, with a recently replaced gas burner and water heater. The top floor was newly built out with updated plumbing, framing, and electrical systems. The shop features a large shop garage door for easy access, and a separate entry door provides access to the upstairs apartments. The building is serviced by one gas meter and one electric meter, with the landlord currently covering all expenses. All tenants are on month-to-month arrangements, and the property will be conveyed with tenants in place. Annual taxes are approximately $17,000.

Key Highlights

• Mixed‑use building featuring a spacious 4,500 sq. ft. open shop and three apartments.
• Newly built‑out top floor boasts updated plumbing, framing, and electrical systems.
• Large shop garage door offers easy access to the shop.

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FAQs

What type of property is this?

Mixed-use property - Mixed-use building with apartments and open shop in Newburgh.

Where is this mixed-use property located?

The property is located at 41-43 City Terrace N Newburgh, NY.

What is the asking price?

The asking price for this property is $695,900.

What are key features of this property?

This property features: Mixed‑use building featuring a spacious 4,500 sq. ft. open shop and three apartments.; Newly built‑out top floor boasts updated plumbing, framing, and electrical systems.; Large shop garage door offers easy access to the shop.