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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
62 Grand St Newburgh, NY 12550-4610
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2038072
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Total area
4,688 SF
Lot
0.21 ac (9,000 SF)
Zoning code
WG
APN
331100 31-2-19
UPID
US63-2038072
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
Current use
Occupant on record · Public records
-
Newburgh Performing Arts Academy Training Center
-
Pius Xii Chemical Dependency Medical Clinic
-
T M Brennan Contracting Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$825k
Owner & transaction history
Fulton Irt · 3 yrs held
Fulton Irt
since 2023
7 recorded transactions
Zoning & alternative use
WG · Newburgh, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$965,000
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburgh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
RETAIL STORES
$965,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$785,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$652,000
Assessed 2023
Previous assessed
$652,000
+0.0% YoY
Assessed land
$127,300
Assessed improvement
$524,700
Land market value
$127,300
Improvement market value
$524,700
Total market value
$652,000
Applied tax rate
331,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,688 SF
Lot
0.21 ac (9,000 SF)
Zoning code
WG
APN
331100 31-2-19
UPID
US63-2038072
Jurisdiction
ORANGE
Zoning & alternative use
WG · Newburgh, NY
Zoning WG · permitted uses
WG · Newburgh, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newburgh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$890,000
RETAIL STORES
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$785,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1938
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Fulton Irt
Individual
Free & Clear · 3 yrs held
Mailing address
4053 STATE RTE 52, YOUNGSVILLE, NY 12791-5066
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Grand St Newburgh Prop Ll
—
Deed
related
$24,350,000 · Community Bank & Trust
Jan 6, 2023
—
Fulton Irt
Douglas J Fulton
Warranty Deed
—
Dec 29, 2022
—
40 Summit Avenue LLC
Alfred Dsouza
Deed
—
Dec 7, 2022
—
Grand St Newburgh Prop Co
—
Deed
related
$1,200,000 · Onteora Capital LLC
Nov 14, 2022
$1,300,000
Grand St Newburgh Prop Co
Orange County Of
Deed
—
Feb 26, 2014
$735,000
County Of Orange
Grand Street Dev LLC
Grant Deed
—
Oct 3, 1997
$100,000
Northeast Dev&management Corp
Judson P Galloway Post #152
Grant Deed
$260,000 · Newburgh Community Development
—
—
Development Northeast
—
Deed Of Trust
related
$100,000 · Newburgh Community Development
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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