203 Grand Street,Newburgh, NY 12550
Newburgh, NY 12550
Description
Fully Available! Set in the heart of Newburgh, this historic multifamily reflects the grit, beauty, and permanence of classic Hudson Valley architecture. Built during a time when craftsmanship mattered, the building offers solid construction, generous proportions, and the kind of character that can't be replicated today - all within a region increasingly sought after by city buyers and long-term investors alike. The property features 6 legal in-place residential units plus separate garage income, providing immediate, stabilized cash flow. Adding to the opportunity are 2 city-approved basement units, offering a thoughtful value-add path for investors looking to enhance returns while respecting the integrity of the structure. All future construction is to be completed in accordance with the approved site plan and sprinkler plan. Newburgh continues to benefit from its proximity to the Hudson River, Metro-North access, and the broader migration to the Hudson Valley driven by lifestyle, affordability, and historic charm. This asset represents a compelling blend of old-world character and modern investment potential, ideal for a 1031 exchange buyer or long-term holder seeking both yield and story.
Details
| MLS # | 1053913 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 40 |
| Listing Provided By | RE/MAX Benchmark Realty Group | Jake M. Ponessi |
Features
| SQ Feet | 3,928 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | RM |
| Acreage | 0.09 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick, Frame |
|---|---|
| Fencing | Back Yard |
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 787500 |
| Tax Annual Amount | 22235.64 |
Area Information
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Newburgh |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $995,000 low | high Med: $398,893 sqft: 3,928 low | high Med: 2,476 $ / sqft: $253 low | high Med: $161 On site: 40 low | high Med: 173 | |
Market Activity 12550
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Learn More About This Property
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Newburgh |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $995,000 low | high Med: $398,893 sqft: 3,928 low | high Med: 2,476 $ / sqft: $253 low | high Med: $161 On site: 40 low | high Med: 173 | |
 | $1,199,000249 Grand StreetNewburgh, NY 12550 |