Real Estate: 170 1st Street $209,000

170 1st St Newburgh NY

This isn’t the easiest corner in Newburgh, but this property has potential. It’s located just one block north of Broadway at the corner of Johnston Street. There is backyard parking, and the entire side garden comes with the purchase which, has many possibilities. As you can see the storefront is closed up. Ideally it would be opened back up again and used for a commercial or retail purpose. Granted, this isn’t the most traversed sidewalk so it might work well as an office or studio.

170 1st Street Newburgh NY (Rebecca A Faubert, RE/MAX)
Asking Price: $209,000
Year Built: 1900
Size: 3,368 sq ft
Neighborhood: NoBro
Taxes: $5,489
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

2 Comment

  • where do these brokers come up with these prices? Its a shame because by pricing them unrealistically high (by a multiple in this case), they just sit and sit and rot. terrible for the community

    • Perhaps a housing ‘authority’ should take it and delegate it as a safe space against economic aggression. THIS asking price comes closer to reflecting the true costs of living in Newburgh than does its less than $100k assessment. Half of the ‘City is assessed too low. The assessor’s office is subsidizing the Municipality’s expenses via inflating the other half in order to keep the lights on for the whole. I’m not talking rates…Assessments need to be balanced. However, Newburgh boxed itself in. It’s not alone. Raise rates? Not, you’ll see values drop further…values that need to be maintained for leveraging present and future iou’s. Of course if HUD kicks up the ante…well, where’s the ‘revival’ in that?