MLS#861108
STATUSPending
PROPERTY TYPECommercial -
SCHOOLNewburgh
Property Description
RARE MIXED-USE PORTFOLIO | FIRST TIME OFFERED | 3 SEPARATE INCOME-PRODUCING PARCELS -- An outstanding opportunity to acquire a long-held, fully occupied portfolio of residential and commercial income-producing properties, now hitting the market for the first time. This offering includes three separate tax parcels, each with unique characteristics and strong cash flow.*Parcel 1: Income-Generating Parking Lot-Approx. 40-car rented lot -Fully leased with consistent monthly income - Low overhead, low maintenance investment. ** Parcel 2: Multi-Use Building with Apartments - Two ground-floor commercial storefronts with established tenants -17 residential apartments above, including a mix of Studios, One-bedroom units and Two-bedroom units. High occupancy and stable rental history. Excellent upside potential with modern upgrades - Below market rents. ***Parcel 3: Historic Mixed-Use Building (The Brewster Hook and Ladder Company firehouse, built in 1862 - now the Newburgh Mercantile, a gift store and framing shop) Charming historic structure featuring a classic stone fireplace faade- Ground floor commercial retail space + two upper-level office suites, fully leased. Three tax parcels offered as a portfolio - Desirable, well-trafficked location -Value-add potential through renovation or redevelopment --Ideal for investors seeking a balanced mix of commercial and residential assets. This is a generational opportunity to secure a highly visible, income-producing asset with historic charm and development upside.
Property Features
Property Type: Commercial -
Basement: Unfinished
Basement: Yes
Cooling: Central Air, Varies by Unit
Heating: Natural Gas
Lot Size: 0.71 Acres
Stories: 4.0
Taxes: $47,600
Year Built: 1893
Feature Descriptions
Accessibility: Accessible Elevator Installed
Building Area Total: 29000
Building Features: Laundry
Days on Site: 297
Exterior: Brick
Flooring: Carpet
Fuel Expense: 14000
Heating Units: 3
Lot Features: City Lot, Corner Lot, Historic District, Near Shops
Maintenance Expense: 11000
Maintenance Expense: 11000
On Market Date: 2025-06-08
Other Expense: 6400
Parcel Number: 331100-037-000-0002-001.000-0000
Parking Features: Off Street, Parking Lot, Private
Parking Total: 40
Property Attached Y/N: 1
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Separate Electric Meters: 21
Separate Gas Meters: 2
Sewer: Public Sewer
Special View Info: Mountain(s)
Tenant Pays: Electricity, Water
Trash Expense: 4410
Units: 22
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Newburgh Free Academy
Middle School: Newburgh
Elementary School: Newburgh
School District: Newburgh
Listed By / Shown By
Listing By
Agency Name: RE/MAX Benchmark Realty Group
Agency Contact: 845-565-0004
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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59-61, 75-77-79 Broadway | MLS# 861108
This commercial property located at 59-61, 75-77-79 Broadway, Newburgh, NY 12550 is currently listed for sale with an asking price of $2,600,000. 59-61, 75-77-79 Broadway is located within the Newburgh school district. Search Newburgh real estate on www.coldwellbankerchoice.com today.