149 Broadway Newburgh, NY 12550-5518
- Investment properties
- 1,958 SF
- 0.02 lot acres
Current Use by Public Records
- Affinity by Molina Healthcare / Health Insurance Agency
Property Details for 149 Broadway
- Year built
- 1900
- Lot size
- 0.02 lot acres
- Property size
- 1,958 SF
- Zone code
- BC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 331100 36-2-11
- APU
- 33110036211
Description
This exceptional 1,958 square foot office space at 149 Broadway in Newburgh, NY, presents a unique investment opportunity. Located on a 0.02-acre lot, the property boasts attractive architectural details including exposed brick walls and abundant natural light, creating a welcoming and productive work environment. Currently occupied by a long-term tenant—a non-profit organization—the property offers immediate cash flow. This tenant has enjoyed a consistent 18-year presence in the building, demonstrating the space's appeal and suitability for various uses. Their existing lease agreement is in place until September 30, 2025, providing a secure income stream for the foreseeable future. The open office layout offers flexibility for customization and adaptation to suit a variety of business needs. The property's prime location in Newburgh, NY, provides easy access to local amenities and transportation links, making it an attractive proposition for both established businesses and new ventures. This is a rare chance to acquire a well-maintained, income-generating property with significant potential for long-term growth and return on investment. The asking price is $500,000. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $295,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $300,000
- Mixed-Use
- $250,000
- Hospitality
- $305,000
- Educational
- $250,000
- Residential Income
- $305,000
- Energy
- $250,000
- Income-Based Land
- $255,000
- Food Service
- $225,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0137
- Latitude
- 41.4999
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA