Brick Two-Unit
For Sale
$574,475
87 City Terrace, Newburgh, NY 12550
Original oak flooring and a carved parlor mantel distinguish the interior.
Property Size2,222 SF
Price / SF$258.54
Days on Market35
Property Features for 87 City Terrace
General Information
Standard status
Active
Size
2,222 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,566
Amenities
First Floor Bedroom
First Floor Full Bath
Original Details
Building Details
Building Size
2,222 SF
Year Built
1890
Units
2
Construction
brick
Listing Agency:
Your Move Matters LLC
Listed By:
Penny B Alper
(845) 926-6400
Source:
Adamstreetrealty
Added: Oct 1
Changed: Nov 1
Last Checked: Nov 4 at 6:02AM
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 1890, this 2,222-square-foot brick duplex has two units and a rounded bay feature. Interior details include refinished oak floors, deep-set windows, substantial wood trim, and a parlor fireplace with a carved mantel, mirrored overmantel, and glazed tilework.
The property is at 87 City Terrace in Newburgh, New York. Downing Park is described as being within a short walk.
The property is at 87 City Terrace in Newburgh, New York. Downing Park is described as being within a short walk.
Key Highlights
- 2,222‑square‑foot duplex with two units
- Built in 1890
- Brick exterior with a rounded bay feature
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,165
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,300
$883.3K
Cap Rate 7%
$630,929
$630.9K
Cap Rate 9%
$490,722
$490.7K
Market Conditions
NOI Build-Up for 2,222 SF
Gross rent
$65.3K $29.40/SF
− Vacancy
−$2.2K −$1.01/SF
EGI
$63.1K $28.39/SF
− OpEx
−$18.9K −$8.52/SF
NOI
$44.2K $19.88/SF
Area
Orange County, NY
Vacancy
3.42%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,300
Cap Rate 7%
$630,929
Cap Rate 9%
$490,722
Alternative Uses
Best Use
Multifamily LT 5
$630.9K
$552.1K – $736.1K
NOI $44,165 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$593.8K
$519.6K – $692.7K
NOI $41,564 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$752.6K
$658.5K – $878.0K
NOI $52,680 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,687
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?
Duplex - Original oak flooring and a carved parlor mantel distinguish the interior.
Where is this duplex located?
The property is located at 87 City Terrace Newburgh, NY.
What is the asking price?
The asking price for this property is $574,475.
What are key features of this property?
This property features: 2,222‑square‑foot duplex with two units; Built in 1890; Brick exterior with a rounded bay feature
