Marcus and Millichap - New York Multifamily is pleased to exclusively offer 364-368 Liberty St for sale, two fully occupied multifamily buildings located in Newburgh's historic Liberty Street corridor. The property is combined 8,444 square feet and contains 7 fully free-market residential units. The buildings maintain a 100% occupancy rate and features a highly uniform unit mix, exclusively offering large 3-bedroom layouts that average over 1,200 square feet per apartment. REVITALIZATION Located along Newburgh’s Liberty Street corridor, the property benefits from approximately $110M in nearby corridor-related private investment, including the $74M Liberty Street Apartments, $25M Shaw Building adaptive reuse, and $11M 104 Washington Street mixed-use project. A $6.89M infrastructure grant will further support water, sewer, gas, and roadway upgrades tied to over 200 new downtown housing units. HIGH GROWTH-CORRIDOR Located along the Liberty Street corridor, the property is positioned within an area experiencing continued public and private investment. Nearby development activity and infrastructure improvements may further support neighborhood appeal and long-term demand. VALUE-ADD OPPORTUNITY. By increasing current rents to the $2,500 market average, this asset offers significant upside. Investors can capitalize on this to boost the Net Operating Income by over $11,000, achieving a 10.1% pro forma cap rate.STRATEGIC LOCATION Located a 2-minute drive from the I-84 and Route 9W interchange, the asset provides immediate regional connectivity. It sits 0.3 miles from Mount Saint Mary College, driving steady tenant demand from a major local employer. 100% FREE MARKET. The property operates completely free of rent regulation, with all 7 units classified as 100% Free Market. This allows investors to execute market-rate adjustments.