Price Reduction - Waterfront
Address
106 Broadway, Newburgh City, NY 12550 Newburgh, NY
Price
$ 750,000
Property Attributes
  • MLS#H6117012
  • TypeCommercial
  • CountyORANGE
  • CityNewburgh
  • AreaNewburgh City
  • NeighborhoodNewburgh
  • Zip12550
  • StyleRetail
  • Year Built1930
  • Taxes$ 16290
  • Price$ 750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Adrienne I Volpe with RE/MAX Town & Country
Data Source:
OneKey MLS
Property Description

This thriving city grocery/deli business has been running for 30 years by the same owner, now retiring. Upstairs 3 bedroom apartment can be a rental as is, or living space for the new owner. Documented, solid income from this building and business. Business is an institution in Newburgh and walking distance to the river front and Newburgh's bustling business scene. While the owner does not pay herself rent for the store, the CAP rate is 9%. With rent for the store 11%.

Price History
5/21/2021 Listed $805,000
5/31/2021 7% - $750,000

General Features

Appliances Refrigerator
Buildingareaunits Square Feet
Business Type Retail
Construction Materials Brick
Cooling Window Unit(s)
Elementary School District Newburgh
Heating Natural Gas, Baseboard
High School District Newburgh
Hot Water Electric Stand Alone
Location Description First Floor, Second Floor
Middle/Junior School District Newburgh
Numberofheatingzones 2
Property SubType Retail
Property Type Commercial Sale
Sewer Public Sewer
Tax Annual Amount 16290.00
Total Units 2
Village None
Zoning Description MLT Uses

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Buildingsize 5390
Lot Size Units Acres
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 12550

Price
AVG $390K
$750K
Taxes
AVG $21,616
$16,290
Visits
AVG 81
6
Year Built
AVG 1944
1930
Fair Housing Icon NY Fair Housing Notice