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363-369 Liberty st 363-369 Liberty st 8 Unité Immeuble d’appartements 1 897 155 $ CAD (237 144 $ CAD/Unité) 7% Taux de capitalisation Newburgh, NY 12550
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Faits saillants de l'investissement
- 8-Unit, 100% Free Market Multifamily
- $1,350,000 Offering Price with a Current In-Place Cap Rate of 7.0%
- Revitalizing Liberty Street Corridor, Prime Newburgh Location
- Uniform Layout, 100% 2-Bedroom Duplex Units
- Mark-to-Market Value-Add Opportunity with Projected 9.7% Pro Forma Cap Rate
Résumé de l'annonce
The New York Multifamily Group at Marcus & Millichap is pleased to exclusively offer 363-369 Liberty Street for sale, an 8-unit multifamily property located at 363-369 Liberty Street in Newburgh's historic district. The property is approximately 6,800 gross square feet, contains 8 fully free-market residential units, and is currently 100% occupied. The building is offered at a $1,350,000 price, representing a 7% caprate with a projected value-add path to a 9.9% stabilized yield.
VALUE-ADD UPSIDE
Clear path to achieve upside through organic turnover and rent growth. By increasing rents to the $2,200 market average, investors could achieve a 9.9% stabilized cap rate and a 17.78% cash-on-cash return.
NEWBURGH REVIVAL
Located at the epicenter of revitalization, the asset is backed by $188M in private investments. A $6.89M state grant will upgrade Liberty Street infrastructure, paving the way for 209 new mixed-income apartments.
EMPLOYMENT ANCHORS
Walkable to major economic drivers, the property is 0.5 miles from St. Luke's Cornwall Hospital, employing 1,247 professionals, and 0.8miles from Mount Saint Mary College, ensuring a stable local tenant pool.
STABLE IN-PLACE ASSET
The property is 100% occupied, providing immediate cash flow and 100% free market opportunity
UNIFORM UNIT CONFIGURATION
The property features a perfectly uniform physical layout, with all eight residential units having an identical 800-square-foot, 2-bedroom, 4-room configuration. This 100% uniform unit mix significantly simplifies ongoing property management and maintenance operations.
VALUE-ADD UPSIDE
Clear path to achieve upside through organic turnover and rent growth. By increasing rents to the $2,200 market average, investors could achieve a 9.9% stabilized cap rate and a 17.78% cash-on-cash return.
NEWBURGH REVIVAL
Located at the epicenter of revitalization, the asset is backed by $188M in private investments. A $6.89M state grant will upgrade Liberty Street infrastructure, paving the way for 209 new mixed-income apartments.
EMPLOYMENT ANCHORS
Walkable to major economic drivers, the property is 0.5 miles from St. Luke's Cornwall Hospital, employing 1,247 professionals, and 0.8miles from Mount Saint Mary College, ensuring a stable local tenant pool.
STABLE IN-PLACE ASSET
The property is 100% occupied, providing immediate cash flow and 100% free market opportunity
UNIFORM UNIT CONFIGURATION
The property features a perfectly uniform physical layout, with all eight residential units having an identical 800-square-foot, 2-bedroom, 4-room configuration. This 100% uniform unit mix significantly simplifies ongoing property management and maintenance operations.
Faits sur la propriété
| Prix | 1 897 155 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 237 144 $ CAD | Style d’appartement | De faible hauteur |
| Type de vente | Investissement | Classe d’immeuble | C |
| Taux de capitalisation | 7% | Taille du lot | 0,46 AC |
| Multiplicateur du loyer brut | 8 | Taille du bâtiment | 6 800 pi² |
| Nombre d’unités | 8 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1900 |
| Zonage | RM - Residential | ||
| Prix | 1 897 155 $ CAD |
| Prix par unité | 237 144 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7% |
| Multiplicateur du loyer brut | 8 |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,46 AC |
| Taille du bâtiment | 6 800 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1900 |
| Zonage | RM - Residential |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Assez accessible à pied
50/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Relativement accessible en vélo
30/100
Impôts fonciers
| Numéro de lot | 331100-011-000-0004-016.000-0000 | Évaluation des bâtiments | 294 526 $ CAD |
| Évaluation du terrain | 30 541 $ CAD | Évaluation totale | 325 067 $ CAD |
Impôts fonciers
Numéro de lot
331100-011-000-0004-016.000-0000
Évaluation du terrain
30 541 $ CAD
Évaluation des bâtiments
294 526 $ CAD
Évaluation totale
325 067 $ CAD
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