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Property profile & analytics
OFF-MARKET Estimated value $985,000
Office buildings

45 Grand St Newburgh, NY 12550-4611

7,160 SF 0.13 ac lot Built 1932
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US63-3426220
Property summary
AI-generated overview

This exceptional 8,920 square foot office building presents a rare investment opportunity in Newburgh, NY's Liberty/Grand Street Heritage Corridor. Formerly a bank, this stunning property boasts soaring ceiling heights, elegant marble and granite interiors, and a wealth of character. The current layout includes 17 individual offices, a dedicated conference room, a convenient kitchen, and a second-floor balcony offering captivating street views. A full basement provides ample storage space. The building benefits from designated parking at the corner of Grand Street and Broadway, ensuring convenient access for staff and clients. Its prime location offers walkability to a variety of restaurants, City Hall, and SUNY Orange Community College, enhancing its appeal and potential for high occupancy. The property is currently configured for office use but could be adapted to suit a variety of commercial needs. The asking price is $1,750,000, and creative seller financing is available. This is an exceptional opportunity to acquire a landmark building in a thriving urban setting. The building's unique history and prime location make it an ideal investment for discerning buyers seeking a high-return property with significant potential for appreciation. Consider the possibilities this remarkable building offers.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1932
Total area 7,160 SF
Lot 0.13 ac (5,500 SF)
Zoning code DN
APN 331100 31-1-11.1
UPID US63-3426220
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
$980k
CAP Approach CAP
by Request
Comparable Approach Comparable
$699k
Blend (final) Blend
$985k
Owner & transaction history
Newburgh Shg 71 LLC · 3 yrs held
Newburgh Shg 71 LLC
since 2023
Last sale
$1.0M
5 recorded transactions
2023
$1.0M
2019
Price N/A
2019
$400,000
2018
$276,000
1969
Price N/A
Zoning & alternative use
DN · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.5M +8.4%
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