This property is located just one block up from Broadway. It’s a very rough area. Most of the surrounding buildings are vacant, abandoned, or boarded up. Although it looks scary, I like the potential these quirky buildings have. If neighborhood revitalization can reach this area, there are mixed use possibilities with these buildings. You could wonder off Broadway to find small shops off the beaten path – something that makes cities feel quaint and unpredictable. It’s a quality that draws us to many major cities, and it’s here in Newburgh. It’ll happen, it’s just going to take time.
18 City Terrace Newburgh NY (Brian Smith, River Realty)
Asking Price: $32,900 (Foreclosure)
Year Built: 1905
Size: 4,033 sq ft
Distance to NYC: 55.7 mi, 1 hr 2 mins
Public Transportation: MetroNorth to Beacon, then take ferry across
Closest Roadways: 9W, I-87, I-84