Yes there is a huge tree blocking the building, but 75 Liberty is a clever little buy. It is a foreclosure so this is a cash only sale. I was able to tour this building a few weeks ago. All of the copper is gone and they complete wrecked the furnace and stole the boiler. This place will need a lot of work. But, it is on Liberty Street across from Washington’s HQ and in between the little shops that are pushing this area forward.
The building itself is quite small and it has been chopped up in to tiny apartments. There are no original details left except for these great brick fireplaces that are on every floor except the top floor. This street will benefit much more if the potential owner would decide to live in the building instead of just renting out every floor. If you are handy and want to contribute to the Liberty Street renaissance this property is a nice option. The high taxes might reflect the 4 apartments that have been created here. A nice option would be to link the first floor (semi-basement) with second floor into one unit. Or, if you can keep it all for yourself! Details below.
75 Liberty St Newburgh NY (Don Maher, Prudential Serls Prime Properties)
Asking Price: $50,000
Year Built: 1900
Size: 2,310 sq ft
Neighborhood: Liberty St/WHQ
Distance to NYC: 57.9 mi, 1 hour 2 mins
Public Transportation: MetroNorth to Beacon, then take ferry, Transit Orange Bus Service
Closest Roadways: 9W, I-87, I-84
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The city really has to do something about the tax situation. $9k? The pricing just doesn’t add up and if the city really wants to lure new home buyers, the tax situation must be addressed. If nothing else they need to look at offering serious tax breaks to encourage folks to come in.
I agree with cupojoe, I have stated on here many times, that the taxes are way too high, but take into consideration that maybe because it is a multi family building that may explain the high taxes. Let me say this, Newburgh will definitely bounce back BUT the administration in Newburgh is not doing enough to appeal new residents and homeowners. What they need is someone to go out there and hunt out for new potential businesses to be placed on Broadway. How about a flea market by the river? How about a couple of night clubs with beefed up security? I would love to buy something on First St, I LOVE 152 Third St but the truth of the matter is it is very costly to renovate these homes and at the same time in these tough economic times getting a loan.
A flea market might be coming very soon Luis
If anyone has any great business ideas I have the space and would love to hear your ideas. The former Resnick’s Building on Liberty Street is available at a very reasonable cost per square foot and the owner will entertain any business that pertains to the arts, a gallery, working artist space, retail, a marketplace, music, manufacturing or any type of business that is allowed in the TC-1 zone and will improve the area. Space is available from 3,000 square feet to well over 60,000 square feet…The owner also purchased the lot across the street in front of the Foundry and next to Washington’s Headquarters on Liberty so off street parking is available….if you need further info contact Cher and she can put us in touch with one another…..Cheers !!