Six-Unit Apartment
For Sale
$648,846
53 Carpenter Ave, Newburgh, NY 12550
Early 1900s multifamily property with updated units, leased apartments, and substantial resident parking.
Property Size4,276 SF
Price / SF$151.74
Days on Market62
Property Features for 53 Carpenter Ave
General Information
Standard status
Active
Size
4,276 SF
Property subtype
Commercial
Net Operating Income
$53,800
Financials
Asking Price
$669,996
Cap Rate
8%
Gross Income
$74,400
Units
Unit Mix
5 x 1BR, 1 x studio
Multifamily Units
6
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Your Move Matters LLC
Listed By:
Penny B Alper
(845) 926-6400
Source:
Searchhomesinlongisland
Added: Sep 4
Changed: Nov 1
Last Checked: Nov 3 at 6:46AM
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 Your Move Matters LLC
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Investment Insights
Based on property information with market context.
Built in 1910, this approximately 4,276-square-foot apartment property contains six units: five one-bedroom apartments and one studio. All apartments have leases in place, and residents pay their own utilities. Several units were renovated within the past 18 months, while the electrical system and other mechanical components have also received updates.
The property includes a large rear parking lot that provides off-street parking for residents. It is located at 53 Carpenter Ave in Newburgh, near shopping, dining, transportation, major commuter routes, and the Newburgh waterfront.
The property includes a large rear parking lot that provides off-street parking for residents. It is located at 53 Carpenter Ave in Newburgh, near shopping, dining, transportation, major commuter routes, and the Newburgh waterfront.
Key Highlights
- Six units: five one‑bedroom apartments and one studio
- Approximately 4,276 square feet
- Built in 1910
Property Analytics
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,852
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Early 1900s multifamily property with updated units, leased apartments, and substantial resident parking.
Where is this apartment building located?
The property is located at 53 Carpenter Ave Newburgh, NY.
What is the asking price?
The asking price for this property is $648,846.
What are key features of this property?
This property features: Six units: five one‑bedroom apartments and one studio; Approximately 4,276 square feet; Built in 1910
