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Office Resi with additional rental potential 257 Broadway 4,253 SF 88% Leased Office Building Newburgh, NY 12550 $699,000 ($164.35/SF)
Executive Summary
100% occupied Mixed-use building with 2-2BR Residential above and two commercial units on Broadway level. Second commercial unit needs a little construction to complete (not currently rented) Gross Rental Income currently $61,500 annually. With 2nd commercial space leased, Gross rental income is projected at $85,500 with NOI of $64,795.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,253 SF
Building Class
C
Year Built
1978
Price
$699,000
Price Per SF
$164.35
Percent Leased
88%
Building Height
3 Stories
Typical Floor Size
1,418 SF
Building FAR
0.19
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
BC - Broadway Commercial allows for many mixed uses.
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Exceptionally walkable
90/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 331100-035-000-0002-003.000-0000 | Improvements Assessment | $353,800 |
| Land Assessment | $39,200 | Total Assessment | $393,000 |
Property Taxes
Parcel Number
331100-035-000-0002-003.000-0000
Land Assessment
$39,200
Improvements Assessment
$353,800
Total Assessment
$393,000
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Office Resi with additional rental potential | 257 Broadway
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