72 1/2 Henry Ave - Apartments FOR SALE


Newburgh, NY 12550
$425,000 USD
72 1/2 Henry Ave, Newburgh, NY for Sale
$425,000 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate

72 1/2 Henry Ave
Newburgh, NY 12550


OVERVIEW

Great investment property in the center of Washington Heights in the City of Newburgh. Three income producing units on an extra wide, potentially subdividable lot: On the first floor a 2 bedroom apartment with back deck and yard access; on the second floor a tidy 1 bedroom apartment; in the rear, a garage rented by a separate small business owner for storage; and to the east a huge yard that begs for a potential subdivision and new investment property to be build. (In this zoning overlay per section 300-31, up to a 3 unit townhome is a use permitted by right with site plan approval after subdivision). Easy to show during weekdays. Seller requests that all buyers review financial details before requesting a showing; please message for a full information packet, zoning details, and extra photos!

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

2

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

72 1/2 Henry Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,071 SF

ZONING

RL

APN/PARCEL ID

331100-048-000-0012-013.100-0000

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