Individually Owned 
For Sale
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Property summary
This exceptional three-level loft space at 32 Chambers Street in the vibrant downtown Newburgh, NY, presents a unique investment opportunity. Boasting a generous 6,944 square feet situated on a 0.07-acre lot, this property offers unparalleled versatility. The ground floor features a substantial open area with a roll-up door, ideally suited for a variety of uses, including manufacturing, retail, or even residential conversion. The potential is vast, allowing for creative adaptation to suit diverse business or residential needs. Ascending to the upper levels, you'll discover two expansive open loft spaces, each retaining the charm of original exposed brick walls, beams, and flooring. These levels provide ample storage and studio space, perfect for artists, designers, or anyone seeking a unique and inspiring workspace. The property has recently undergone significant improvements, including a new roof, sewer line replacement, and upgrades to essential building systems, ensuring peace of mind for the new owner. This is a rare chance to acquire a substantial property in a thriving downtown location, ready for immediate occupancy and brimming with potential. Priced at $399,000, this property represents an exceptional value in the Newburgh market.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor
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Travel Agency Vacation Rental
Value estimations
Owner & transaction history
Zoning & alternative use
s Use R-1 Low-Density Residential Medium-Density Residential High-Density Residential Commercial Industrial Neighborhood Commercial Overlay Conservation Development District Broadway Corridor (BC) Downtown Neighborhood (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
DN · Newburgh, NYs Use R-1 Low-Density Residential Medium-Density Residential High-Density Residential Commercial Industrial Neighborhood Commercial Overlay Conservation Development District Broadway Corridor (BC) Downtown Neighborhood (…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for DN in Newburgh, NY.
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