MGL

Just like its neighbor that I posted 2 weeks ago, this property is in a rough area. It is located at the northern end of Liberty Street, at the corner of Clinton Street. So why bother sharing this? Well I think there is a unique situation here with many of the properties in this exact area on the market or having been on the market this year. And I suspect they were taken down, not sold.  There is potential here to have an investor buy up essentially this entire corner and change things around. With the right goals in mind, it is not impossible to do. But it does require an intentional plan for this area. It’s more than just getting renters in the door. Eastern Clinton Street is quite nice and there is potential to carry that over west to this corner. If this property interests you check out the following properties on the market:

• 80 Clinton Street $26,110 – great little cozy house that needs to be completely rehabbed
• 364 Liberty Street $20,000 –  long time neglected property
• 395 Liberty Street $45,000 – small brick rowhouse next to other identical houses, they could all be wonderful homes if rehabbed and painted different colors
• 405 Liberty Street $45,000 – same row house, the other houses would probably sell for similar prices

362 Liberty Street Newburgh NY  (John J Lease)
Asking Price: $345,000
Year Built: 1890
Size: 4,984 sq ft
Neighborhood: MGL
Taxes:
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
Google Map

The City of Newburgh’s Planning and Development Department plans to highlight one city-owned property for sale each month. Sometimes these properties can be located on very blighted blocks, making a decision to buy very difficult. I would say this property is located at a crossroads. To the east, are some of the most desired and admired homes in Newburgh. And one block over, to the west, is the roughest section of Liberty Street. However, two houses away, the old Girls Scouts property is being renovated by one of Newburgh’s urban pioneers who I think would make a great neighbor. The city has provided the following information below. You can also check out the blog post I did 4 years ago with some interior photos. Preference will be given to an owner-occupant purchaser.

“Between Grand and Liberty Streets – in the heart of the East End Historic District.  A cozy, 2-bedroom, turn-of-the-century, brick townhome. The interior needs to be completely renovated but it has great potential.  Looking for a purchaser with vision, the finances to renovate and the desire to occupy this classic building as their residence.  Minimum Sales Price: $26,110.  Interested buyers can go to the City of Newburgh’s website (www.cityofnewburgh-ny.gov) and click on the link on the home page entitled “Buying Property From the City of Newburgh”.  There they will find the current list of properties, the required application (necessary to be completed even before the interior of the property can be viewed) and the Terms and Conditions of Sale.  Also, be sure to follow us on Twitter and Instagram where City-owned properties are regularly featured.”

80 Clinton Street Newburgh NY
Asking Price: $26,110 *
Google Map

* This is the minimum price. The City of Newburgh will also entertain bids above the asking price. All interested purchasers need to submit a PODA (Private Owner Development Application) . The application is available on-line and at the City of Newburgh’s Planning & Development Office, 83 Broadway, Newburgh, NY.   For additional information call: (845)-569-7387 or (845)-569-9400.

This house is located at the northern end of Liberty Street, at the corner of Clinton Street. It has been abandoned for a while and it’s in foreclosure. This part of Liberty is particularly rough, especially across the street. Just around the corner though, are some of the nicest houses in Newburgh. There’s a 3 car garage in the rear. No interior photos provided.

364 Liberty Street Newburgh NY (Sandra Cotthaus, Era 1st)
Asking Price: $20,000
Year Built: 1900
Size: 3,368 sq ft
Neighborhood: MGL
Taxes: $3,192
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
Google Map

Here’s a property that has been in a repeated cycle of poor fix-ups just to get the next tenant. Fortunately, it seems that a lot of original details and character remain, enough for someone to come along and restore it. This would be a nice choice for someone looking to live in a property along with tenants. If your aim is just to do the bare minimum to rent out the apartments, not much will change for this northern section of Liberty Street. Although many of these homes are in disrepair, this section of Liberty Street is often photographed for its beautiful architecture. One of the best examples of how these properties can be turned around can be seen in 292 Liberty, the next door neighbor. Other interesting neighboring properties to keep your eye on are The Girdle Factory and Weigand’s Tavern.

300 Liberty Street Newburgh NY (Jo-Ann Merla, BHG Rand Realty)
Asking Price: $99,900
Year Built: 1900
Size: 3,840 sq ft
Neighborhood: MGL
Taxes: $9,000
Distance to NYC: 58.1 mi, 1 hour 9 mins
Public Transportation: MetroNorth to Beacon, then take ferry across
Closest Roadways: 9W, I-87, I-84
Google Map

Early 1900’s vintage postcard showing the side of 300 Liberty at the corner of South Street

This is a great home in a great location that has been really beat up over the years. A lot of people have had their eyes on this property, but never have had the chance to look inside until now. Time has not been kind but these old houses are strong. There are plenty of details that remain that could really shine with some attention. Just next door is the Fullerton Mansion and across the street is the Monell Mansion, now being called the Orchard House. It is very unlikely that a rehab loan could be obtained for this property. You will need cash, and that is why it is so difficult to see these homes restored. Hopefully the right person will come along.

295 Grand Street, Newburgh NY (Foreclosure)
Asking Price: $64,900
Year Built: 1835
Size: 3,892 sq ft
Neighborhood: MGL
Taxes: $
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
Google Map

On a block with mostly brick homes, this Arts and Crafts dark cedar home stands out. I would agree with the listing that says this house is located in “the midst of one of the most architecturally significant sections of Liberty St”. There is a lot of diversity here with many styles represented. Unfortunately there are no interior photos so we can’t see the “original features remain waiting to be restored”. The price is low, and the house is being sold as-is, so be prepared for major renovations. The house next door has been wonderfully renovated if you want a glimpse of who your neighbors might be. They also own a cool letterpress studio on Broadway. I’m sure they’d be happy to see a preservation minded owner move in. They also have some nice parties across the street.

269 Liberty Street Newburgh NY (Rosemary Lee, Apple2Orange Realty)
Asking Price: $119,000
Year Built: 1904
Size: 2,336 sq ft
Neighborhood: MGL
Taxes: $4,408
Distance to NYC: 58.6 mi, 1 hour 10 mins
Public Transportation: MetroNorth to Beacon, then take ferry across
Closest Roadways: 9W, I-87, I-84
Google Map