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    106 Broadway

    Newburgh, NY 12550
    • $590,000
    • STATUS: Active
    • ON SITE: 150 Days
    • MLS #: H6117012
    UPDATED: 71 min ago
    $590,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    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%.

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    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2021-10-19T00:16:44.437.
    www.nicoleburkehomes.com/homes/117482269
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    106 Broadway Newburgh, NY 12550

    • Price: $590,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: H6117012
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1930
    Built
    Neighborhood:
    Newburgh City
    County:
    Orange
    Area:
    Newburgh City
    School District:
    Newburgh
    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%.
    Exterior Features

    Building Size 5390 Construction Materials Brick

    Interior Features

    Cooling Window Unit(S) Cooling YN Yes

    Property Features

    Business Type Retail Net Operating Income 624500.00 Property Sub Type Retail Property Type Commercial Sale Tax Annual Amount 16290.00 Zoning Description Mlt Uses

    Listing courtesy of Adrienne Volpe of Re/Max Town & Country.
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2021-10-19T00:16:44.437.
     
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    Nicole Burke, MBA | Charles Rutenberg Realty
    255 Executive Drive, Suite 208
    Plainview NY, 11803