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364-368 Liberty St 364 Liberty St 7 Unité Immeuble d’appartements 1 929 396 $ CAD (275 628 $ CAD/Unité) 9,40% Taux de capitalisation Newburgh, NY 12550
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Faits saillants de l'investissement
- 7-Unit, 100% Free-Market Multifamily
- $1,400,000 Offering Price with a 9.4% Current Cap Rate
- 00% Occupied, Large 3-Bedroom Layouts, Averaging Over 1,200 Square Feet
- Projected 10.8% Cap Rate Through Rent Optimization
Résumé de l'annonce
Marcus and Millichap - New York Multifamily is pleased to exclusively offer 364-368 Liberty St for sale, two fully occupied multifamily buildings located in Newburgh's historic Liberty Street corridor. The property is combined 8,444 square feet and contains 7 fully free-market residential units. The buildings maintain a 100% occupancy rate and features a highly uniform unit mix, exclusively offering large 3-bedroom layouts that average over 1,200 square feet per apartment.
REVITALIZATION
Located along Newburgh’s Liberty Street corridor, the property benefits from approximately $110M in nearby corridor-related private investment, including the $74M Liberty Street Apartments, $25M Shaw Building adaptive reuse, and $11M 104 Washington Street mixed-use project. A $6.89M infrastructure grant will further support water, sewer, gas, and roadway upgrades tied to over 200 new downtown housing units.
HIGH GROWTH-CORRIDOR
Located along the Liberty Street corridor, the property is positioned within an area experiencing continued public and private investment. Nearby development activity and infrastructure improvements may further support neighborhood appeal and long-term demand.
VALUE-ADD OPPORTUNITY.
By increasing current rents to the $2,500 market average, this asset offers significant upside. Investors can capitalize on this to boost the Net Operating Income by over $11,000, achieving a 10.1% pro forma cap rate.STRATEGIC
LOCATION
Located a 2-minute drive from the I-84 and Route 9W interchange, the asset provides immediate regional connectivity. It sits 0.3 miles from Mount Saint Mary College, driving steady tenant demand from a major local employer.
100% FREE MARKET.
The property operates completely free of rent regulation, with all 7 units classified as 100% Free Market. This allows investors to execute market-rate adjustments.
REVITALIZATION
Located along Newburgh’s Liberty Street corridor, the property benefits from approximately $110M in nearby corridor-related private investment, including the $74M Liberty Street Apartments, $25M Shaw Building adaptive reuse, and $11M 104 Washington Street mixed-use project. A $6.89M infrastructure grant will further support water, sewer, gas, and roadway upgrades tied to over 200 new downtown housing units.
HIGH GROWTH-CORRIDOR
Located along the Liberty Street corridor, the property is positioned within an area experiencing continued public and private investment. Nearby development activity and infrastructure improvements may further support neighborhood appeal and long-term demand.
VALUE-ADD OPPORTUNITY.
By increasing current rents to the $2,500 market average, this asset offers significant upside. Investors can capitalize on this to boost the Net Operating Income by over $11,000, achieving a 10.1% pro forma cap rate.STRATEGIC
LOCATION
Located a 2-minute drive from the I-84 and Route 9W interchange, the asset provides immediate regional connectivity. It sits 0.3 miles from Mount Saint Mary College, driving steady tenant demand from a major local employer.
100% FREE MARKET.
The property operates completely free of rent regulation, with all 7 units classified as 100% Free Market. This allows investors to execute market-rate adjustments.
Faits sur la propriété
| Prix | 1 929 396 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 275 628 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,09 AC |
| Taux de capitalisation | 9,40% | Taille du bâtiment | 9 000 pi² |
| Multiplicateur du loyer brut | 7.1 | Nombre d’étages | 2 |
| Nombre d’unités | 7 | Année de construction | 1900 |
| Type de propriété | Immeuble residentiel | Zone de développement économique |
Oui
|
| Prix | 1 929 396 $ CAD |
| Prix par unité | 275 628 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 9,40% |
| Multiplicateur du loyer brut | 7.1 |
| Nombre d’unités | 7 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,09 AC |
| Taille du bâtiment | 9 000 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1900 |
| Zone de développement économique |
Oui |
1 1
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Relativement accessible en vélo
30/100
Impôts fonciers
| Numéro de lot | 331100-010-000-0001-024.000-0000 | Évaluation des bâtiments | 478 077 $ CAD |
| Évaluation du terrain | 42 998 $ CAD | Évaluation totale | 521 075 $ CAD |
Impôts fonciers
Numéro de lot
331100-010-000-0001-024.000-0000
Évaluation du terrain
42 998 $ CAD
Évaluation des bâtiments
478 077 $ CAD
Évaluation totale
521 075 $ CAD
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