Log In/Sign Up
Your email has been sent.
185 Broadway
Newburgh, NY 12550
Retail Property For Sale
Investment Highlights
- Close to airport
- Ferry and Train nearby
- Fully Renovated
- Bus Stop at the door
- High traffic count of over 15000 cars/day
- Fully Leased
Executive Summary
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...NEWLY LEASED GROUND FLOOR COMMERCIAL SPACE!! Centene/Fidelis will now have a presence on Broadway in Newburgh. High visibility for retail tenants with over 15000 cars per day is a boost for business.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,640 SF
Building Class
B
Year Built/Renovated
1900/2023
Price
$1,094,630 CAD
Price Per SF
$235.91 CAD
Cap Rate
9.14%
NOI
$100,010 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.78
Lot Size
0.06 AC
Zoning
BC - Broadway Corridor (BC) The primary purpose of the zone is to focus commercial activity along this main thoroughfare.
Frontage
40’ on Broadway
Amenities
- Bus Line
- Security System
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 331100-036-000-0001-002.000-0000 | Improvements Assessment | $916,540 CAD |
| Land Assessment | $54,044 CAD | Total Assessment | $970,584 CAD |
Property Taxes
Parcel Number
331100-036-000-0001-002.000-0000
Land Assessment
$54,044 CAD
Improvements Assessment
$916,540 CAD
Total Assessment
$970,584 CAD
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
