277 Grand St Newburgh, NY 12550
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.