All 14 photo

Contact a manager at, and we will find you a suitable Townhome or property from among our 80,000 offers across 57 countries around the globe

Multi family portfolio — 13 buildings — 30 apartments

1,250,000 $
Send a request
90 bedrooms 40 bathrooms
Send a request
  • Total rooms: 162

This Newburgh City Multifamily Portfolio consists out of 13 buildings which are all brick, row houses built around 1900. Eleven out of the thirteen buildings are on the same street and the other two, just a few blocks away, making this portfolio efficient to manage. Each apartment has separate utilities with individual electric meters, gas meters and boilers. The tenants pay their own electric, heat (natural gas) and cable. This is an opportunity to purchase a collection of tenant occupied buildings in one transaction, giving the buyer clear scalability and management advantages. The current cash flow in place, plus equity appreciation upside in the city of Newburgh, will draw in an investor who is looking for significant higher CAP rates than elsewhere in the greater NYC area, including the Hudson Valley. With a growing arts community to feed the imagination and a remarkably rich collective of civic improvement organizations in which citizen volunteers keep the city moving ahead. Neighborhood associations have formed in recent years, and block parties are popular. Habitat for Humanity and their partner families have rebuilt 18 houses, with five more every year. The local hospital and community college have announced expansion plans, and new businesses are starting to relocate here. It seems this small city has turned a corner. In 1999, Newburgh's waterfront consisted largely of broken slabs of concrete with grass growing between them. Today, the waterfront is a bustling destination, featuring several restaurants and other businesses, drawing thousands of customers every weekend. Straight across the Newburgh-Beacon Bridge lies the town of Beacon which has gone through a major gentrification over the last few years. Walk through Main Street and you will see tons of restaurants, art galleries, real estate offices and renovated buildings. As a result, property prices and rents have risen substantially in Beacon. Newburgh feels like old Brooklyn, before its gentrification. Dont miss out on this opportunity! KW88698

More properties

If this property wasn’t for you, take a look at other houses, villas, cottages for sale in USA.

You can see more houses, villas, cottages for sale in New York City elsewhere on our website.

Similar listings

We select ads that may interest you.

Submit a request for a purpose proposal
Kseniya Kolesnikova
Real Estate Expert Tranio in New York City
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    • 0% commission to Tranio
    • Residence permit support
    • Mortgage rates from 3%