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87 Overlook Place

Newburgh, NY 12550
  • $529,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 847273
$529,000
  • 8
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

OUTSTANDING MULTI-FAMILY INVESTMENT PROPERTY - Historic and vibrant City of Newburgh, NY this three unit building offers two rare three bedroom units, a two bedroom unit plus an upside of a possible lower level studio (variance required) which is not included in the financial statement. Current net operating income of $49,953. Tenants are responsible for their own utilities including heat, hot water and electricity. Owner covers snow removal, lawn care, water and sanitation. Well maintained building with many bonuses including reliable up to date tenants, quiet area and low maintenance. Located just two blocks from Washington's Headquarters, the heart of Newburgh's revitalization on Liberty Street and the ever popular Newburgh Waterfront with its shops, restaurants and entertainment. The apartments span the entire floor of each level and offer hardwood flooring, ample closets, eat in kitchen and storage. Just minutes to major highways (I-84 and I-87), shopping, schools, parks, Mount Saint Mary College and SUNY Orange, Metro North, City of Beacon, Storm King Art Center and Dia Beacon.

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© 2025 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: 2025-05-18T07:19:04.8.
www.nicoleburkehomes.com/homes/162519328
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87 Overlook Place Newburgh, NY 12550

  • Price: $529,000
  • Status: Active
  • On Site: 36 Days
  • MLS #: 847273
8
Beds
3
Baths
0
½ Baths
0.06
Acres
1900
Built
Neighborhood:
Newburgh (City)
County:
Orange
Area:
Newburgh (City)
Elementary School:
Newburgh
Middle School:
Newburgh
High School:
Newburgh Free Academy
School District:
Newburgh
Property Description
OUTSTANDING MULTI-FAMILY INVESTMENT PROPERTY - Historic and vibrant City of Newburgh, NY this three unit building offers two rare three bedroom units, a two bedroom unit plus an upside of a possible lower level studio (variance required) which is not included in the financial statement. Current net operating income of $49,953. Tenants are responsible for their own utilities including heat, hot water and electricity. Owner covers snow removal, lawn care, water and sanitation. Well maintained building with many bonuses including reliable up to date tenants, quiet area and low maintenance. Located just two blocks from Washington's Headquarters, the heart of Newburgh's revitalization on Liberty Street and the ever popular Newburgh Waterfront with its shops, restaurants and entertainment. The apartments span the entire floor of each level and offer hardwood flooring, ample closets, eat in kitchen and storage. Just minutes to major highways (I-84 and I-87), shopping, schools, parks, Mount Saint Mary College and SUNY Orange, Metro North, City of Beacon, Storm King Art Center and Dia Beacon.
Exterior Features

Architectural Style Victorian Carport YN No Construction Materials Brick Cross Street Monument Street Garage YN No Lot Features Back YardLevel Parking Features On Street Patio And Porch Features CoveredPorch Pool Private YN No Property Attached YN Yes Road Responsibility Public Maintained Road Waterfront YN No

Interior Features

Attic Partial Basement Details Finished Basement YN Yes Cooling None Fireplace YN No Flooring HardwoodLinoleum Interior Features Eat-in KitchenEntrance Foyer Num Of1 Bed Rooms 0 Num Of2 Bed Rooms 1 Num Of3 Bed Rooms 2 Num Of4 Bed Rooms 0 Number Of Heat Units 3 Number Of Heating Zones 3

Property Features

Building Area Total 3159 Disclosures Lead Paint Down Payment Resource YN Yes Electric Company Central Hudson Gross Income 66648 Heating Baseboard Insurance Expense 1800 Lot Size Dimensions 25 x 100 Maintenance Expense 800 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Operating Expense 16800 Property Condition Updated/Remodeled Property Sub Type Triplex Senior Community YN No Sewer Public Sewer Spa YN No Special Listing Conditions None Tax Annual Amount 8995 Tax Section 48 Tax Source Municipality Tenant Pays ElectricityHeatSee Remarks Total Vacancies 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedTrash Collection PublicWater Connected Water Access YN No Water Sewer Expense 3300 Water Source Public

Listing courtesy of Amy Coccia Wilhelm of Corcoran Baer & McIntosh: 845-987-2000
© 2025 OneKey MLS. All rights reserved.


© 2025 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: 2025-05-18T07:19:04.8.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803