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Property Description

Incredible opportunity to add an 8.5% CAP, turn-key investment building into your portfolio. Fully renovated in 2024 and fully rented, this asset provides stability and peace of mind for both new and seasoned owners. The building consists of one street level commercial space plus 4 residential units above. The building went through extensive renovations since purchase — New roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, windows, etc. Municipal water/sewer/gas. At one time the ground floor space had a laundromat so there is a 2″ water line still available in this space. Would make a great location for high water usage tenant like another laundromat, hair or nail salon, restaurant, spa, etc… High visibility for retail tenants with over 15000 cars per day is a boost for business.

Features
Heating System:
Heat Pump, Natural Gas
Cooling System:
Ductless
Appliances:
Gas Water Heater
Electric:
Three Phase
Exterior Features:
Sprinkler Lawn System
Fireplaces Total:
1
Flooring:
Hardwood
Garage Spaces:
1
Interior Features:
Eat-in Kitchen, Master Downstairs, 1st Floor Bedrm, Formal Dining Room, Home Office, Den/family Room
Lot Features:
Level
Parking Features:
On Street
Security Features:
Security System
Sewer:
Public Sewer
Address Map
City:
Newburgh (city)
State:
NY
County:
Orange County
Direction Faces:
East
Directions:
Patchogue-Mount Sinai Road T Hawkins Path T Howe Road
Property and Construction
Architectural Style:
Ranch
Construction Materials:
Frame, Cedar, Shake Siding
High School:
Longwood High School
Inclusions:
Ceiling Fan, Refrigerator, Microwave, Mailbox, Screens, Dryer, Washer, Alarm System, Pool Equipt/cover, Chandelier(s)
Agent MlsId:
55829
Office MlsId:
RAND24
MiddleOrJunior School:
Longwood Junior High School
New Construction:
1
Number Of Units:
5
Property Condition:
Diamond
Senior Community:
1
Tax Annual Amount:
$9,890
Water Source:
Public
Zoning:
BC
PhotosCount:
19

Commercial Sale For Sale

185 Broadway, Newburgh (city), NY

$799,000
Listing ID #H6322675
Basic Details
Property Type :
Commercial Sale
Property SubType :
Retail
Listing ID :
H6322675
Price :
$799,000
Bathrooms Total :
0
Building Area :
4,640 Sqft
Status :
Active
Status :
Active
Listing Office :
Rand Commercial
Listing Agent :
Hilary R. Goldman
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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