A handsome five-unit brick apartment building on Grand Street, with an additional sixth top-floor space ready for renovation. 277 Grand is a fantastic opportunity to own an income producing property with street presence and historical character in a premier Newburgh neighborhood. The current legal configuration includes two studio apartments, one two-bedroom apartment, and two three-bedroom apartments. A top floor unit not currently included on the Certificate of Occupancy is laid out as an additional 2 bedroom apartment ready for renovation. The building is well maintained, with a mix of updated and more traditional interiors, good-sized rooms, and a strong existing rent roll. The common areas and original architectural details give the building a sense of character that is increasingly hard to find in larger multifamily properties.Location makes the property special. 277 Grand sits within Newburgh's East End Historic District, surrounded by some of the city's most impressive historic architecture. Combined with the building's approximately 5,250 square feet, five legal apartments, and substantial bonus top-floor space, it is an unusually substantial multifamily property with both strong existing income and real room for further improvement.
Listing By
Agency Name: ReAttached
Agency Phone: 845-420-8965
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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277 Grand Street | MLS# 1050769
This commercial property located at 277 Grand Street , Newburgh, NY 12550 is currently listed for sale with an asking price of $1,100,000. Grand Street is located within the Newburgh school district. Search Newburgh real estate on www.coldwellbankerchoice.com today.