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2 Courtney Ave 6 Unit Apartment Building $1,575,000 ($262,500/Unit) Newburgh, NY 12550
INVESTMENT HIGHLIGHTS
- Historic Home
- Sold with additional (non buildable) lot in front of the property, preserving river views
- Hudson River Views
EXECUTIVE SUMMARY
Perched on Bay View Terrace, Newburgh’s most picturesque bluff street with sweeping Hudson River views, 2 Courtney Avenue is a six-unit Victorian stunner that has undergone a full-scale designer renovation. Once derelict, the property has been meticulously transformed by its current owner into a crown jewel of the neighborhood - both architecturally and financially. Behind its timeless exterior are six fully restored units that blend historic charm with modern finishes, offering a turnkey experience for investors and tenants alike. Currently configured as five long-term rentals and one high-performing short-term unit, the property has a successful track record as a full short term rental operation, demonstrating strong income potential and operational flexibility. A separately deeded lot across the street is included in the sale, preserving unobstructed river views over the long-term. With proven income history and a prime position in one of the most desirable pockets of the city, this is a rare opportunity to own a fully stabilized, visually striking, and cash-flowing asset. Financials and additional details available upon request.
PROPERTY FACTS
| Price | $1,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $262,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 6 | Building Size | 4,091 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1870 |
| Zoning | RL | ||
| Price | $1,575,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,091 SF |
| No. Stories | 3 |
| Year Built | 1870 |
| Zoning | RL |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Waterfront
- Recycling
- Smoke Free
- Smoke Detector
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 331100-048-000-0003-016.000-0000 | Improvements Assessment | $941,100 |
| Land Assessment | $138,900 | Total Assessment | $1,080,000 |
PROPERTY TAXES
Parcel Number
331100-048-000-0003-016.000-0000
Land Assessment
$138,900
Improvements Assessment
$941,100
Total Assessment
$1,080,000
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2 Courtney Ave
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