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415 Grand St
Newburgh, NY 12550
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Strong historic character and architectural style
- River views and desirable location
- Significant rental income potential
Executive Summary
A rare opportunity to own a stately four-unit historic brownstone in the heart of Newburgh’s celebrated East End Historic District. Constructed during the city’s golden architectural era, this commanding property showcases classic period details — high ceilings, grand proportions, and original craftsmanship — while offering the scale and layout modern investors seek.
Spanning approximately 4,754 square feet, the building is configured as four spacious residential units with additional income from basement storage and garage rental. The current income profile provides a strong foundation with clear upside through thoughtful unit enhancements, rent optimization, and continued neighborhood appreciation.
Set along one of Newburgh’s most iconic streets, 415 Grand Street benefits from Hudson River views, proximity to the waterfront, ferry to Beacon, Mount St. Mary College, and Downing Park, and quick access to Metro-North and I-84, making it highly desirable for both long-term tenants and future owner-occupants.
Newburgh’s East End has experienced steady momentum driven by historic preservation, private investment, and lifestyle-driven migration from NYC — positioning this asset as both a cash-flowing investment today and a long-term appreciation play.
Whether you are a seasoned investor, a portfolio builder, or a buyer seeking a flagship historic asset with income, 415 Grand Street represents scale, character, and upside in one of the Hudson Valley’s most compelling markets.
Spanning approximately 4,754 square feet, the building is configured as four spacious residential units with additional income from basement storage and garage rental. The current income profile provides a strong foundation with clear upside through thoughtful unit enhancements, rent optimization, and continued neighborhood appreciation.
Set along one of Newburgh’s most iconic streets, 415 Grand Street benefits from Hudson River views, proximity to the waterfront, ferry to Beacon, Mount St. Mary College, and Downing Park, and quick access to Metro-North and I-84, making it highly desirable for both long-term tenants and future owner-occupants.
Newburgh’s East End has experienced steady momentum driven by historic preservation, private investment, and lifestyle-driven migration from NYC — positioning this asset as both a cash-flowing investment today and a long-term appreciation play.
Whether you are a seasoned investor, a portfolio builder, or a buyer seeking a flagship historic asset with income, 415 Grand Street represents scale, character, and upside in one of the Hudson Valley’s most compelling markets.
Property Facts
| Price Per Unit | $277,498 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.38% | Lot Size | 0.35 AC |
| Gross Rent Multiplier | 9.12 | Building Size | 4,754 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | RL - Residential | ||
| Price Per Unit | $277,498 CAD |
| Sale Type | Investment |
| Cap Rate | 8.38% |
| Gross Rent Multiplier | 9.12 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 4,754 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | RL - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Property Taxes
| Parcel Number | 331100-004-000-0010-011.100-0000 | Improvements Assessment | $458,237 CAD |
| Land Assessment | $223,301 CAD | Total Assessment | $681,538 CAD |
Property Taxes
Parcel Number
331100-004-000-0010-011.100-0000
Land Assessment
$223,301 CAD
Improvements Assessment
$458,237 CAD
Total Assessment
$681,538 CAD
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