Mixed-Use Property with
For Sale
$1,450,000
5251 Route 9W/Leslie RD, Newburgh, NY 12550
Nine residential units, three commercial storefronts, and warehouse/garage improvements create a combined residential and commercial configuration.
Property Size9,476 SF
Days on Market71
Property Features for 5251 Route 9W/Leslie RD
General Information
Standard status
Active
Size
9,476 SF
Property subtype
Commercial
Property Condition
Severity
Teardown
Evidence
Tear it down.
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$37,414
Building Details
Building Size
9,476 SF
Units
13
Tenancy
Multi
Listing Agency:
Curasi Realty
Listed By:
Dawn E. Gregg · License #30GR0943069
(914) 388-5239
Source:
Elliman
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 28 at 9:56AM
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 Curasi Realty
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Investment Insights
Based on property information with market context.
This mixed-use property includes 9 residential units, 3 commercial storefronts, and a warehouse/garage area. The existing improvements are being offered as-is, allowing buyers to evaluate renovation, restoration, repositioning, or redevelopment plans based on their own objectives.
The property is located at 5251 Route 9W in Newburgh, with substantial frontage and exposure along the traveled roadway. Its configuration combines residential and commercial components within one property. Buyers should independently verify zoning, permitted uses, development potential, and applicable municipal requirements.
The property is located at 5251 Route 9W in Newburgh, with substantial frontage and exposure along the traveled roadway. Its configuration combines residential and commercial components within one property. Buyers should independently verify zoning, permitted uses, development potential, and applicable municipal requirements.
Key Highlights
- 9 residential units
- 3 commercial storefronts
- Warehouse/garage space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,338
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,306,760
$2.3M
Cap Rate 7%
$1,647,686
$1.6M
Cap Rate 9%
$1,281,533
$1.3M
Market Conditions
NOI Build-Up for 9,476 SF
Gross rent
$170.6K $18.00/SF
− Vacancy
−$5.8K −$0.61/SF
EGI
$164.8K $17.39/SF
− OpEx
−$49.4K −$5.22/SF
NOI
$115.3K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,306,760
Cap Rate 7%
$1,647,686
Cap Rate 9%
$1,281,533
Alternative Uses
Best Use
Apartment 5plus
$2.53M
$2.22M – $2.95M
NOI $177,253 @ 7.0% cap · market cap 12.22%
Second Best
Retail
$1.65M
$1.44M – $1.92M
NOI $115,338 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,659 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine residential units, three commercial storefronts, and warehouse/garage improvements create a combined residential and commercial configuration.
Where is this mixed-use property located?
The property is located at 5251 Route 9W/Leslie RD Newburgh, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 9 residential units; 3 commercial storefronts; Warehouse/garage space included
