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185 Broadway

4,640 SF 22% Leased Retail Building Newburgh, NY 12550 $799,000 ($172/SF) 8.52% Cap Rate

Investment Highlights

  • Close to airport
  • Ferry and Train nearby
  • Fully Renovated
  • Bus Stop at the door
  • High traffic count of over 15000 cars/day
  • Fully Leased

Executive Summary

Incredible opportunity to add an 8.5% CAP, turn-key investment building into your portfolio. Fully renovated in 2024 and fully rented, this asset provides stability and peace of mind for both new and seasoned owners. The building consists of one street level commercial space plus 4 residential units above. The building went through extensive renovations since purchase -- New roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, windows, etc. Municipal water/sewer/gas. At one time the ground floor space had a laundromat so there is a 2" water line still available in this space. Would make a great location for high water usage tenant like another laundromat, hair or nail salon, restaurant, spa, etc... High visibility for retail tenants with over 15000 cars per day is a boost for business.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,640 SF
Building Class
B
Year Built/Renovated
1900/2023
Price
$799,000
Price Per SF
$172
Cap Rate
8.52%
NOI
$68,049
Percent Leased
22%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.78
Lot Size
0.06 AC
Zoning
BC - Broadway Corridor (BC) The primary purpose of the zone is to focus commercial activity along this main thoroughfare.
Frontage
40 FT on Broadway

Amenities

  • Bus Line
  • Security System
  • Tenant Controlled HVAC
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,700 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 1,700 SF Retail - Now

1st Floor

Size
1,700 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,700 SF
Space Use Retail
Position -
Available Now

Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Krispy Krunchy Chicken
Jazzercise

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
331100-036-000-0001-002.000-0000
Land Assessment
$39,200
Improvements Assessment
$252,800
Total Assessment
$292,000
  • Listing ID: 32770288

  • Date on Market: 3/4/2024

  • Last Updated:

  • Address: 185 Broadway, Newburgh, NY 12550

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