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123 Third 123 3rd St 20 Unit Apartment Building $999,999 ($50,000/Unit) Newburgh, NY 12550
EXECUTIVE SUMMARY
Have you ever dreamt of owning a building called The Victoria? If so, now is your chance. This stunning architectural gem, located in the heart of Newburgh's Historic District, is the perfect addition to any investment portfolio. This turn-key, 8-unit multifamily property offers steady Net Operating Income and is ready for its next owner. Just minutes away from trendy cafes, restaurants, unique boutiques, and historic landmarks, this property offers more than just a great return. The location provides quick access to major highways and is a short commute to both NYC and Beacon, making it an ideal spot for tenants. Don't miss this solid investment opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $999,999 | Building Class | C |
| Price Per Unit | $50,000 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 5,661 SF |
| No. Units | 20 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2007 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | DN | ||
| Price | $999,999 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 5,661 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2007 |
| Opportunity Zone |
Yes |
| Zoning | DN |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,374 | 5,661 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 331100-023-000-0004-002.000-0000 | Total Assessment | $800,000 |
| Land Assessment | $23,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $776,500 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
331100-023-000-0004-002.000-0000
Land Assessment
$23,500
Improvements Assessment
$776,500
Total Assessment
$800,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
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123 Third | 123 3rd St
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