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    185 Broadway Newburgh, NY 12550

    Sponsored
    For Sale
    $799,000

    High-yield, fully renovated building.

    Property size:
    4,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 185 Broadway, Newburgh, NY 12550, presents a compelling investment opportunity. The 4,640 square foot building, situated on a 0.054-acre lot, boasts a prime location in the Broadway Corridor, benefiting from high visibility and significant traffic volume exceeding 15,000 cars daily. Completely renovated in 2024, this three-story structure comprises one street-level commercial space and four residential units, currently enjoying 100% occupancy with five tenants. The building features a new roof, floors, walls, ductless heating and air conditioning units, water heaters, bathrooms, kitchens, and windows. Municipal water, sewer, and gas services are readily available. The commercial space, previously a laundromat, retains a two-inch water line, making it ideal for businesses with high water usage needs, such as another laundromat, salon, restaurant, or spa. The property offers a strong net operating income (NOI) of $68,049, translating to an attractive 8.52% capitalization rate at an asking price of $799,000 ($172.20 per square foot). Conveniently located near the airport, bus stop, ferry, and train, this turn-key investment provides immediate cash flow and significant potential for future appreciation. The property's permitted zoning is Broadway Corridor.

    Property Features for 185 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,640 SF
    Lot Size
    2,352 SF

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    3

    HighLights

    • Exceptional mixed‑use property, 4,640 SF, on a 0.054‑acre lot in Newburgh, NY's Broadway Corridor.
    • Completely renovated in 2024, featuring one commercial space and four residential units, all currently occupied.
    • Strong NOI of $68,049, 8.52% cap rate at $799,000 asking price ($172.20/SF).
    • High visibility location with over 15,000 cars daily; convenient to airport, bus, ferry, and train.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.015398797444
    Latitude
    41.500316457031

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, fully renovated building.
    Where is this individual retail property located?
    The property is located at 185 Broadway Newburgh, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property, 4,640 SF, on a 0.054-acre lot in Newburgh, NY's Broadway Corridor.; Completely renovated in 2024, featuring one commercial space and four residential units, all currently occupied.; Strong NOI of $68,049, 8.52% cap rate at $799,000 asking price ($172.20/SF).
    Request Owner's contact information
    185 Broadway Newburgh, NY 12550
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    Newburgh, NY 12550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    185 Broadway Newburgh, NY 12550
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