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$930,000
Est. payment /mo
2,151 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1062209
Rental Info No
Year Built 2023
Annual Tax Amount $12,825
Lot Size 2,151 Sqft
Acres 0.0494
Property Sub-Type Multi Family
Source onekey2
Property Description
47 Lander Street in Newburgh, New York presents a turnkey mixed use investment opportunity in the heart of the historic East End. Situated moments from the revitalization of Grand Street and its upcoming luxury boutique hotel development, this property is positioned to capture strong hospitality demand, elevated visitor activity, and consistent commercial foot traffic. Taken down to the studs, the circa 1870 brick building has undergone a complete, full scale gut renovation with zero deferred maintenance, delivering an exceptional physical asset for commercial operators and portfolio investors.
Every building system is newly installed, including a new roof, upgraded electrical service, modern plumbing, mini split heating and cooling systems throughout, and a comprehensive full building fire sprinkler system. The exterior features a prominent corner position, newly poured sidewalks, classic historic architecture, and a private wraparound alleyway with dual access points for seamless operational access.
The layout generates immediate diversified revenue across multiple asset classes. The ground level features two fully built out, turnkey commercial and restaurant storefronts equipped for immediate food service or retail operations. The upper levels offer two high finish residential dwellings, including a two bedroom unit and a one bedroom unit, presenting strong rental potential within the Hudson Valley market. Operating commercial business entities are excluded from the real estate sale and negotiable separately.
Location fundamentals offer exceptional connectivity and long term value. Located one block from the Broadway commercial corridor and close to the Newburgh Waterfront, this property combines historic district appeal with regional accessibility. The location provides convenient proximity to the Beacon Metro North station with direct service to Grand Central Terminal, Stewart International Airport, Route 9W, Interstate 84, and Interstate 87. 47 Lander Street offers an immediate income producing asset with completely modernized infrastructure in a prime Hudson Valley location.
Every building system is newly installed, including a new roof, upgraded electrical service, modern plumbing, mini split heating and cooling systems throughout, and a comprehensive full building fire sprinkler system. The exterior features a prominent corner position, newly poured sidewalks, classic historic architecture, and a private wraparound alleyway with dual access points for seamless operational access.
The layout generates immediate diversified revenue across multiple asset classes. The ground level features two fully built out, turnkey commercial and restaurant storefronts equipped for immediate food service or retail operations. The upper levels offer two high finish residential dwellings, including a two bedroom unit and a one bedroom unit, presenting strong rental potential within the Hudson Valley market. Operating commercial business entities are excluded from the real estate sale and negotiable separately.
Location fundamentals offer exceptional connectivity and long term value. Located one block from the Broadway commercial corridor and close to the Newburgh Waterfront, this property combines historic district appeal with regional accessibility. The location provides convenient proximity to the Beacon Metro North station with direct service to Grand Central Terminal, Stewart International Airport, Route 9W, Interstate 84, and Interstate 87. 47 Lander Street offers an immediate income producing asset with completely modernized infrastructure in a prime Hudson Valley location.
Location
State NY
County Orange County
Rooms
Basement Finished, Full, Storage Space
Interior
Heating Heat Pump
Cooling Central Air, Multi Units, Zoned
Flooring Concrete, Wood
Fireplace No
Exterior
Parking Features On Street, Open
Fence Wood
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Private, Water Available
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
High Schools Newburgh
School District Newburgh
Others
Special Listing Condition None
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Listed by Four Seasons Sothebys Intl • Yves S. Bouzaglo
NEARBY SCHOOL & BUSINESS
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