1 month on rocket

476 Broadway, Newburgh, NY, 12550

$525,000

Home List Price

$6,234*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
3,810 SqFt
$138/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

476 Broadway, Newburgh$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1900
HeatingNatural Gas, Hot Water
CoolingWindow Unit(s)
MLS #H6331893
Lot Size0.05 Acres
StatusActive
(A)

About 476 Broadway

This well-maintained property offers an exceptional opportunity for investors seeking reliable rental income and the potential to increase cash flow. The property features a vacant street-level storefront, previously leased at $2,000/month, presenting an open canvas for a new retail business or office tenant. With a large, versatile space and convenient rear entry leading to municipal parking, this storefront is highly appealing to small business owners looking for ease of access. Residential income comes from two fully occupied units on the upper floors. The 2nd-floor unit is a 2-bedroom apartment, currently rented for $1,400/month. The 3rd-floor unit is a 1-bedroom apartment, generating $1,200/month. Both apartments have been recently updated, including kitchens, bathrooms, and flooring. Tenants pay all utilities (gas and electric), while the landlord covers water, sanitation, exterminator services, taxes, and insurance, with estimated annual expenses under $14,000. The property boasts high-efficiency gas boilers (residential units) and updated electrical systems, ensuring low maintenance costs and energy savings. This investment offers immediate income from residential leases (both units are month-to-month), with the added opportunity to lease the vacant storefront at market rates. Whether you're a seasoned investor or looking to diversify, this property's strong income potential and strategic location make it a perfect addition to any portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,810 SqFt

Listing Office:

  • Office Name: Rising Star Realty
  • Office Phone: (914) 243-4885

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Broadway, between Fullerton Ave and West Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $138/SqFt

Tax Information:

  • Annual Amount: $9,738
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Newburgh, NY.

Map thumbnail provided by MapBox

Newburgh, NY

City

Med. Sold Price

$373.6K

Med. Price/SqFt

$225

Avg. Days On Market

74

# of Sold Homes

45

476 Broadway vs Newburgh

37 DAYS ON ROCKET

-37 Days

$525,000

+$151.3K More

$138/SqFt

-$87 Less

KEY TAKEAWAY

This property is $151.3K more than the Median Sold Price and $87/SqFt less than other homes in Newburgh, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #H6331893

Listing Office:

  • Office Name: Rising Star Realty
  • Office Phone: (914) 243-4885

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/15/2024, 3:11:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 12, 2021Home Sold
$100,000
Mar 01, 2018Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2020$9,738$201,700
2019$10,157$176,900
2018$5,419$176,900
2017$10,185$176,900

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-495930
3
/10

  • Gams High Tech Magnet School

  • 300 Gidney Ave

  • 0.86 miles

  • Public Magnet Grades PK-5

school-card-donut-495931
3
/10

  • Horizon-on-the-Hudson Magnet School

  • 137 Montgomery St

  • 1.21 miles

  • Public Magnet Grades PK-5

school-card-donut-495932
6
/10

  • New Windsor School

  • 175 Quassaick Ave

  • 1.60 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,023. Residents of Newburgh, NY typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Orange County›Newburgh›12550›476 Broadway

This home is located at 476 Broadway in Newburgh, NY and zip code 12550. This 3,810 square foot home, which was built in 1900, sits on a 0.05 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $525,000.

While more than 18 listings in Newburgh, NY in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 22 were sold below. The inventory of homes for sale in Newburgh, NY between September 2024 and October 2024 increased by 3.9%. While the average time on the market in October 2024 was 74 days, the median list price was $373,611.

From Rocket Homes Real Estate and based on county public records data.

More Resources