Property Description

Exceptional mixed-use investment opportunity in the heart of Downtown Newburgh! This well-maintained brick building features one ground-floor commercial space and three spacious three-bedroom residential apartments, offering a strong and diversified income stream.Current rents are as follows:Commercial Space: $1,900/monthApartment 1: $1,635/monthApartment 2: $1,447/monthApartment 3: $1,290/monthWith the residential units currently rented below market value, this property offers significant upside potential for future income growth. The building was completely gutted approximately 30 years ago and underwent extensive remodeling just two years ago, providing updated interiors while maintaining the character of this historic downtown property.Located on vibrant Liberty Street, you'll be surrounded by the best of Downtown Newburgh. Enjoy charming shops, restaurants, and cafs along the Liberty Street corridor, including local favorites such as Ms. Fairfax, Bivona's Simply Pasta, The Wherehouse, and Caf Little Treasure. The neighborhood also offers a lively nightlife scene with destinations like Midnight Ferry, Newburgh Brewing Company, and 190 Bar.Residents and patrons alike will appreciate being just minutes from Downing Park, designed by Central Park architect Calvert Vaux, SUNY Orange, Mount Saint Mary College, local art galleries, studios, the Newburgh Free Library, and Washington's Headquarters State Historic Site. The scenic Newburgh Waterfront, featuring a variety of restaurants and entertainment, is just a short walk away, while New York Stewart International Airport is only a short drive from the property.Whether you're looking to expand your investment portfolio or complete a 1031 exchange, 103 Liberty Street presents an outstanding opportunity to acquire a turnkey mixed-use property with stable cash flow, recent renovations, and excellent long-term appreciation potential in one of the Hudson Valley's fastest-growing downtown markets.

Property Features

Local Schools