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For SaleMixed UseMLS KEY918146

41-43 City Terrace N

Newburgh (City), NY · Orange County
Listed by
John J Lease REALTORS Inc
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
9,312 SF
Site
0.16 acres
Price / SF
$75
Year built
1930
Zoning
comm
Stories
2

The offering

Welcome to 41–43 City Terrace, a mixed-use building in the City of Newburgh offering approximately

9200 sq. ft. of space. The property features three apartments on the second floor and a 4,500 sq. ft.

open shop on the first floor. The building is serviced by one gas meter and one electric meter, with the

landlord currently covering all expenses. Annual taxes are approximately $17,000. All tenants are on

month-to-month arrangements, and the property will be conveyed with tenants in place. The

apartments are heated by baseboard heat, with a recently replaced gas burner and water heater. The

top floor was newly built out with updated plumbing, framing, and electrical systems. The shop features

large shop garage dooir for easy access, and a separate entry door provides access to the upstairs

apartments. Don't let customers miss this City of Newburgh mixed use property. A cap can be provided.

Building & site

Interest conveyedFee simple
Gross building area9,312 SF
Building typeMixed Use
Property typeMixed Use
Year built1930
Stories2
Land area0.16 acres
Land area, SF6,785 SF
WaterPublic
SewerPublic Sewer
HeatNatural Gas
Tax parcel33110029-4-12
Usable area9,312 SF
Number of buildings1
Electric utilityCentral Hudson
Distance to train6 mi

Zoning & permitted uses

District
comm

Permitted uses are governed by the Newburgh (City) zoning code and should be confirmed with the municipality. Ask a broker for the district summary.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2024 taxes$17,000
Assessed value$385,000
Land assessment$66,300
Full market value$385,000
Owner of recordGumbs, Ormiston
School districtNewburgh
Property class482 · External apt

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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