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153 Lander Street, Newburgh, NY 12550

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For Sale

$599,000

4 beds • 3 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • Over 50 Years Old
    Age

  • Basement
    Rooms

  • Basement
    Amenities

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
    Basement, Ceiling Fan
  • Exterior Type
    Brick
  • Floor Covering
    Laminate, Tile, Hardwood
  • Heating System
    Baseboard
  • Lot Size
    0.14 Acres
  • Rooms
    Basement

Map and Directions

Directions to 153 Lander Street, Newburgh, NY 12550

Home seller CENTURY 21 Hudson Valley Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Hudson Valley Realty

(845) 454-6334
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.