|
|
Newburgh Commercial Property Assemblage 3 Properties Offered at $1,700,000 in Newburgh, NY
INVESTMENT HIGHLIGHTS
- In-Place income - Upside on below market rents, and 1,500 sq. ft. of expansion space
- Development expansion potential on vacant lot at 516 South Street
- Includes standalone house as a residential rental property
- Tenants pay operating expenses other than taxes and water
- 13,681 square feet of land (0.71 acres) - 11,000 sq. ft. of Building in total
EXECUTIVE SUMMARY
Don't miss this prime investment opportunity in Newburgh! Exciting chance to invest in two adjacent parcels totaling 0.71 acres on South Street. Current tenants provide steady income and growth potential through rent upside and expansion of rentable square footage!
Rents are below market value, offering potential for rental income growth.
Includes a buildable expansion lot at 516 South Street. Tenants pay all expenses other than taxes and water
Rents are below market value, offering potential for rental income growth.
Includes a buildable expansion lot at 516 South Street. Tenants pay all expenses other than taxes and water
TAXES & OPERATING EXPENSES (PRO FORMA - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$180,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$180,000
|
| Taxes |
$11,660
|
| Operating Expenses |
$5,500
|
| Total Expenses |
$17,160
|
| Net Operating Income |
$162,840
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,000 |
| Taxes | |
|---|---|
| Annual | $11,660 |
| Operating Expenses | |
|---|---|
| Annual | $5,500 |
| Total Expenses | |
|---|---|
| Annual | $17,160 |
| Net Operating Income | |
|---|---|
| Annual | $162,840 |
PROPERTY FACTS
| Price | $1,700,000 | Number of Properties | 3 |
| Price / SF | $68.13 / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 24,952 SF |
| Sale Type | Investment | Total Land Area | 2.77 AC |
| Status | Active |
| Price | $1,700,000 |
| Price / SF | $68.13 / SF |
| Cap Rate | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 24,952 SF |
| Total Land Area | 2.77 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 518 South St, Newburgh, NY 12550 | Specialty | 13,452 SF | 1960 | - |
| 520-524 South St, Newburgh, NY 12550 | Industrial | 11,500 SF | - | - |
| 516 South St, Newburgh, NY 12550 | Land | 0.10 AC | - | - |
MAP
ADDITIONAL PHOTOS
Primary Photo
IMG_1905
IMG_1906
IMG_7120
IMG_7495
IMG_7127
IMG_7492
IMG_7493
Primary Photo
516