Mixed-Use Portfolio: Income-Producing
59-61 75-77-79 Broadway, Newburgh, NY 12550
Rare mixed-use portfolio with residential and commercial income-producing properties.
- Added:
- Jun 8, 2025
- Days on Market:
- 361
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 59-61 75-77-79 Broadway
General Information
- Standard status
- Active
Building Details
- Year Built
- 1893
Listing agent LYRA BLUMENTHAL License #40BL0848228
Listing office RE/MAX BENCHMARK REALTY GROUP (845) 728-9940
Listing date Jun 8, 2025
Source Corcoran
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 RE/MAX BENCHMARK REALTY GROUP
HighLights
- Rare mixed‑use portfolio offered for the first time, including 3 separate income‑producing parcels.
- Fully occupied with consistent monthly income from a parking lot, multi‑use building with apartments and commercial space, and a historic mixed‑use building.
- Multi‑use building features 17 residential apartments and two ground‑floor commercial storefronts with established tenants.
- Historic mixed‑use building (former firehouse) with a classic stone facade, ground floor retail, and two upper‑level office suites.
- Income‑generating parking lot with 40 spaces, fully leased with low overhead and maintenance.
- Value‑add potential through renovation, redevelopment, and modern upgrades to increase rental income.
Overview
This offering presents a rare opportunity to acquire a fully occupied portfolio of residential and commercial income-producing properties, available for the first time. The portfolio comprises three separate tax parcels, each with distinct characteristics and strong cash flow. One parcel features an income-generating parking lot with approximately 40 car spaces, fully leased and providing consistent monthly income with low overhead and maintenance. Another parcel includes a multi-use building with two ground-floor commercial storefronts with established tenants and 17 residential apartments above, offering a mix of studios, one-bedroom, and two-bedroom units. This building maintains high occupancy and a stable rental history, with potential for modernization and rental upside. The third parcel is a historic mixed-use building, originally built in 1862 as the Brewster Hook and Ladder Company firehouse. Currently operating as a gift store and framing shop (Newburgh Mercantile), this charming structure features a classic stone fireplace façade, ground floor commercial retail space, and two fully leased upper-level office suites. The properties are located in a desirable, well-trafficked location and offer value-add potential through renovation or redevelopment. This portfolio is ideal for investors seeking a balanced mix of commercial and residential assets, presenting a generational opportunity to secure a highly visible, income-producing asset with historic charm and development upside.
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0091
- Latitude
- 41.4996
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Rare mixed-use portfolio with residential and commercial income-producing properties.
Where is this mixed-use property located?
The property is located at 59-61 75-77-79 Broadway Newburgh, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Rare mixed‑use portfolio offered for the first time, including 3 separate income‑producing parcels.; Fully occupied with consistent monthly income from a parking lot, multi‑use building with apartments and commercial space, and a historic mixed‑use building.; Multi‑use building features 17 residential apartments and two ground‑floor commercial storefronts with established tenants.
