Real Estate: 40 West St $84,948

40 West St Newburgh NY

This is a home on the west side of the city, just west of 9W and south of Colonial Terraces. Judging from the photos it looks like it has been updated nicely but, the kitchen could still use a little work to make it polished. The bathroom hasn’t been gutted and we actually like the vintage pieces that remain. Everything looks clean and shiny and there is a nice large yard.

40 West St Newburgh NY (Your Move Matters, LLC)
Asking Price: $84,948
Year Built: 1930?
Size: 1,576 sq ft
Taxes: $7,013
Neighborhood: west of 9W
Distance to NYC: 57.0 mi, 1 hour 0 mins
Public Transportation: MetroNorth to Beacon, then take ferry across
Closest Roadways: 9W, I-87, I-84
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9 Comment

  • Beautiful home but the taxes are a deterrent. We live in NYC but love Newburgh, so much that we bought a 2 family on the bluff several years back (currently rented to long term tenants who have lived in Newburgh most of their lives), hoping to eventually move there as we retire. It appears now that won’t be possible given the high taxes for a high crime area, poor services etc.

    Reduce property taxes to attract buyers. The average middle class family who can buy an $85K house like this, fix it up and be an asset to the community can’t afford an extra $650+ a month in taxes plus commuting costs to work in the city. An affordable tax for a house like this should be around $3000-3500.

    Increase the tax base by lowering the cost. Same revenues, but more homes occupied by OWNERS and an improvement in the area. Get rid of the slumlords who are the only ones who can afford to pay these high taxes by renting to less than desirable tenants. This house would rent for $1300-1500 per month and the slumlord pockets $700-900+. This is the game the city is playing into albeit unwittingly.

    Secondly, market Newburgh to NYC folks. The vast majority are unaware of it. moving as far away as Pennsylvania when they can move to Newburgh, be an hour or so away from the city and enjoy city life in a historic, multicultural setting with absolutely beautiful homes.

    Dunno, just my 2 cents. Frustrating to watch.

    • Hi Peter, you have really good points. Hopefully you can find your way back soon. Part of the purpose of this blog is to attract people from NYC and beyond. Spread the word.

  • Thanks Cher. We still own the house on the bluff and come up at least twice a month to visit the farms, waterfront area etc. I do enjoy reading your blog. Thanks for taking the time to do it.

  • Peter, hello. Say hi to us on the bluff when you’re in town.

    Many larger one family brownstones in Brooklyn were successfully converted into coops and condos and individual apartments sold, thereby sharing the costs and dividing the tax bill.

    We need the tax revenue we already collect to cover the services we currently have. Lowering taxes is great in theory…but what we really need are people committed to rehabilitating the upwards of 700 properties that are off the rolls right now.

    Getting abandoned and vacant properties into the hands of people with a plan and the resources back on the tax rolls is one goal of the recently formed Newburgh Land Bank.

    A small group of Newburghers are helping promote the wonderful resources and homes that Newburgh has, by going down to Brooklyn every weekend this Summer and sharing information about homes for sale, and events in and around Newburgh. You can take a look at the website “Newburgh for Newcomers”

  • I also live in NYC and absolutley love Newburgh, I was brought up in Highland Mills. I would love to move into a home there and was thinking about it until I saw the taxes go up and up. I am on a limited retirement income and would now because of the taxes not be able to afford it. I have many friends who are also interested in making a move upstate and I am sure would follow my lead.

  • The best idea I could think of for you is to buy a multifamily home/mansion and split it up with your friends, creating condo’s inside the home. You would each end up paying a minimal amount compared to the upkeep of a home entirely on your own. There are some gorgeous buildings that were upscale apartment buildings 100 years ago, that would make a nice conversions today. You should check out the Arno building. There is room in the basement for a laundry room etc.

  • Hannah,

    Greenpoint in Brooklyn is another example. It was a dumping ground in the 80’s and is one of the NYC hotspots now. I think NYC gave prospective homeowners and developers huge concessions back then to get that area moving. While I do appreciate your efforts, what is the city doing attract homeowners from other areas? Is this part of the land bank’s function?

    A few years ago the mayor of Schnectady (sp) came to Queens NY, organized tours and got quite a few folks from Queens to buy houses and move up there. Newburgh has so much, much more to offer.

    Re the Bluff, the trees on the northern most side are now obscuring the hudson river views for many homes. They are on city property at the base of the bluff by the train lines and the city doesn’t trim or maintain them.

    I do continue to bring folks when I come up but between the high taxes, bad schools and the perception of the crime areas I haven’t had much luck getting them to buy. I do look forward to living in my house one day, sitting on the porch and enjoying those views.

    Keep the blog going. Very good source of info.


  • House looks amazing Too bad the taxes are so out of control. Maybe when they lower the taxes it will help the city recover.

  • The house is back on the market, being sold ‘as is’ for $69,900. I’m not sure why the “as is” language in the ad on, unless it’s a short sale or something.