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$ 1,100,000
Est. payment /mo
Price Dropped by $150K
203 Grand ST Newburgh, NY 12550
3,998 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 956229
Rental Info No
Year Built 1880
Annual Tax Amount $22,235
Lot Size 3,998 Sqft
Acres 0.0918
Property Sub-Type Multi Family
Source onekey2
Property Description
Set in the heart of Newburgh, this historic multifamily reflects the grit, beauty, and permanence of classic Hudson Valley architecture. Built during a time when craftsmanship mattered, the building offers solid construction, generous proportions, and the kind of character that can't be replicated today — all within a region increasingly sought after by city buyers and long-term investors alike.
The property features 6 legal in-place residential units plus separate garage income, providing immediate, stabilized cash flow. Adding to the opportunity are 2 city-approved basement units, offering a thoughtful value-add path for investors looking to enhance returns while respecting the integrity of the structure. All future construction is to be completed in accordance with the approved site plan and sprinkler plan.
Newburgh continues to benefit from its proximity to the Hudson River, Metro-North access, and the broader migration to the Hudson Valley driven by lifestyle, affordability, and historic charm. This asset represents a compelling blend of old-world character and modern investment potential, ideal for a 1031 exchange buyer or long-term holder seeking both yield and story.
The property features 6 legal in-place residential units plus separate garage income, providing immediate, stabilized cash flow. Adding to the opportunity are 2 city-approved basement units, offering a thoughtful value-add path for investors looking to enhance returns while respecting the integrity of the structure. All future construction is to be completed in accordance with the approved site plan and sprinkler plan.
Newburgh continues to benefit from its proximity to the Hudson River, Metro-North access, and the broader migration to the Hudson Valley driven by lifestyle, affordability, and historic charm. This asset represents a compelling blend of old-world character and modern investment potential, ideal for a 1031 exchange buyer or long-term holder seeking both yield and story.
Location
State NY
County Orange County
Rooms
Basement Finished
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplace No
Exterior
Parking Features On Street
Fence Back Yard
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
Elementary Schools Newburgh
Middle Schools Newburgh
High Schools Newburgh
School District Newburgh
Others
Special Listing Condition None
Listed by RE/MAX Benchmark Realty Group • Jake M. Ponessi
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