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153 Lander Street, Newburgh, NY 12550

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For Sale

$599,000

4 beds3 baths4,720 sqft

Estimated Payment

$      /mo.

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $126.91
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Located in the heart of Newburgh s Historic District, this fully leased three-story mixed-use building on an expanded lot includes a commercial storefront, a garden-level studio, and two full-floor residential apartments. The first floor features a storefront suitable for retail, office, or studio use. Toward the rear is a spacious hallway that leads to the backyard, a shared laundry room, and access to the garden-level studio. The studio also has a private exterior entrance and features soaring ceilings, offering versatility for living or work space. The second and third floors each contain a two-bedroom, one-bath apartment. Both residential units feature an open kitchen, dining, and living area with oak flooring, walk-in closets, and Energy Star stainless steel appliances. The top-floor bathroom includes a skylight that brings in natural light. Outdoor amenities include a shared patio area and backyard, along with off-street parking. There is also remains of a 3 car garage that could be rebuilt for additional income. The property is located near local restaurants, shops, public transportation, and the waterfront, within one of Newburgh s architecturally rich neighborhoods. This is a mixed use building, ideal for investors - tenants are all on 12-24 month leases and all pay on time. Actual Rent Roll: Storefront $600/month, Studio $1,745/month, Unit #2 $2,100/month, Unit #3 $1,800/month. Gross income approx. $75,000, Net Income approx. $50,000.
MLS# 915636

Courtesy Of eXp Realty

(888) 276-0630

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood, Laminate, Tile
  • Heating System
    Baseboard
  • Lot Size
    0.14 Acres
  • Rooms
    Basement

Map and Directions

Directions to 153 Lander Street, Newburgh, NY 12550
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