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Property profile

64 William St Newburgh, NY 12550

OFF-MARKET
Investment properties
Property ID
US63-2970617
View Sample
2,844 SF 0.06 ac lot Built 1918
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional investment opportunity presents two adjacent mixed-use buildings in the vibrant city of Newburgh, New York, totaling 7,632 square feet. Sold as a single package, this property offers significant potential for renovation and redevelopment. Each building features a ground-floor commercial space, ideal for retail or other businesses, complemented by residential units situated above. In total, the package includes six residential rental units and two street-level storefronts. The buildings are being offered as fixer-uppers, presenting a chance for a savvy investor to add value through renovations and upgrades. The location in downtown Newburgh provides excellent visibility and access to local amenities and transportation. This is a rare opportunity to acquire a substantial portfolio of mixed-use properties in a growing market. The buildings are situated on a combined lot size of zero acres, indicating the properties are likely situated on contiguous lots. The asking price of $648,998 represents a compelling entry point for investors seeking a significant return on investment. The potential rental income from the six residential units, combined with the income-generating potential of the two commercial spaces, makes this a highly attractive proposition. Serious inquiries are encouraged to explore this unique opportunity further. Detailed property information and financial projections are available upon request.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1918
Total area 2,844 SF
Lot 0.06 ac (2,400 SF)
Zoning code RM
APN 331100 38-3-33
UPID US63-2970617

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2020
4 recorded transactions
2023
Price N/A
2020
$350,000
2014
$40,000
2014
Price N/A

Zoning & alternative use

RM · Newburgh, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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