Description
MULTI-FAMILY INVESTMENT | 3-UNIT BLDG - Finish this mostly restored 1940's Victorian 3-Family in the Washington Heights section of Newburgh, on a Corner lot w/parking for 3 cars, 1/2 block from 'The Bluff', w/partial river views. Unit layout is: 3FL-2bed/1bath+bonus rm | 2FL-2bd/1bth | 1FL- 1bd/1bth. Current utilities setup is LL pays gas heat & HW, tenants pay electric. Projected Rent is $6,550/mo for 3 finished units w/8.3% cap after completion based on estimated Proforma. One Block from the rapidly evolving Liberty St corridor w/new shops and restaurants & historic Washingtons Headquarters. Two blocks from the coming PS6 Center for Film & TV. Close to the Hudson River Waterfront, a short drive to I-84,I-87 & Beacon. Work Completed includes: Every surface inside & out is handled, from new underground plumbing, to new roof coating & flashing, walls & ceilings skim-coated & fully painted. All original details restored incl: double entry doors, staircase, floors, new main entry stairs.
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5BEDS
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0.06ACRES
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3BATHS
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01/2 BATHS
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1,788SQFT
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$260$/SQFT
School Information
Description
MULTI-FAMILY INVESTMENT | 3-UNIT BLDG - Finish this mostly restored 1940's Victorian 3-Family in the Washington Heights section of Newburgh, on a Corner lot w/parking for 3 cars, 1/2 block from 'The Bluff', w/partial river views. Unit layout is: 3FL-2bed/1bath+bonus rm | 2FL-2bd/1bth | 1FL- 1bd/1bth. Current utilities setup is LL pays gas heat & HW, tenants pay electric. Projected Rent is $6,550/mo for 3 finished units w/8.3% cap after completion based on estimated Proforma. One Block from the rapidly evolving Liberty St corridor w/new shops and restaurants & historic Washingtons Headquarters. Two blocks from the coming PS6 Center for Film & TV. Close to the Hudson River Waterfront, a short drive to I-84,I-87 & Beacon. Work Completed includes: Every surface inside & out is handled, from new underground plumbing, to new roof coating & flashing, walls & ceilings skim-coated & fully painted. All original details restored incl: double entry doors, staircase, floors, new main entry stairs.
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