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Property profile & analytics
FOR SALE
Apartment buildings

277 Grand St Newburgh, NY 12550

5,250 SF Built 1900
Property ID
US63-0340767
Property summary
AI-generated overview

Marcus and Millichap - New York Multifamily is pleased to present 277 Grand Street, a 5,250-square-foot multifamily property located in the heart of Newburgh, New York. Positioned in a highly desirable residential neighborhood, the asset sits within one of the region's most dynamic and rapidly growing investment corridors. The Property features six residential units, delivering a balanced income stream supported by a highly desirable unit mix of studios, a two-bedroom, and three-bedroom apartments. This 100% Fair Market asset presents a rare acquisition opportunity with significant upside potential, offering investors the ability to capitalize on zero rent-regulated units and drive revenue through targeted unit renovations. Located in a prime Newburgh location with convenient access to local transit and major thoroughfares, the Property benefits from exceptional connectivity and proximity to the area's premier dining, retail, and waterfront attractions. Newburgh's continued economic growth and strong renter demand underpin long-term rent appreciation and sustained investor interest.

Property profile
Verified
Property type Apartment buildings
Year built 1900
Total area 5,250 SF
UPID US63-0340767
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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