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203 Grand 203 Grand St 6 Unit Apartment Building $1,526,239 CAD ($254,373 CAD/Unit) 6.24% Cap Rate Newburgh, NY 12550
Executive Summary
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 cant 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.
See documents for income/expense.
See documents for income/expense.
Property Facts
| Price | $1,526,239 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $254,373 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.24% | Building Size | 4,774 SF |
| Gross Rent Multiplier | 10.49 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1880/2003 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2 - Residential | ||
| Price | $1,526,239 CAD |
| Price Per Unit | $254,373 CAD |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| Gross Rent Multiplier | 10.49 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,774 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2003 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+2 | 2 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 331100-018-000-0006-006.000-0000 | Improvements Assessment | $814,794 CAD |
| Land Assessment | $90,990 CAD | Total Assessment | $905,784 CAD |
Property Taxes
Parcel Number
331100-018-000-0006-006.000-0000
Land Assessment
$90,990 CAD
Improvements Assessment
$814,794 CAD
Total Assessment
$905,784 CAD
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203 Grand | 203 Grand St
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