Real Estate: 240 Broadway $450,000

This is a huge offer in downtown Newburgh right on Broadway. The rear building is also known as 10 Carpenter, where last summer, art show Orange Alert was held. These are just a sampling of the photos available. There is commercial space, residential space, and open studio space. Be sure to click through to the listing for all the details. A great opportunity for someone to contribute to the revitalization of the city with a vision.

240 Broadway Newburgh NY
Asking Price: $450,000
Year Built: 1875
Size: 7,420 sq ft
Neighborhood: Broadway
Taxes: $8,060
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
Listing by: RE/MAX Benchmark Realty Group


6 Comment

  • This is such a beautiful space. Would be good for a live/work situation for a creative professional. We enjoyed having PUG Projects there last year.

  • $8000 in taxes? Is that just property or school taxes? If just one or even both, plan on paying at least double this when the assessor plays her games.

    • Both. It’s assessment is down to $140K. Site uses: one retail, two apts. and two “storage”. Run some receptacles and plumbing fixtures to the latter and you’ll be correct in your assumption. However, if the retailer sold something resembling real food, they may be eligible for being ‘a public service, deserving’ of a tax break.

      • Can you go into more detail about this “public service” tax break? Never heard of it. There are tax breaks for all those drug paraphernalia bodegas?

        • I was referencing back to my previous comment regarding the “Accelerator Project”. I think they opened another pandora’s box post the “great recession”…
          Sarcasm aside, what I think is more likely for this property is a “developer” cookie cutting the “open studio spaces” into four “affordable” housing units with little effect on the property taxes…’might even get a decrease. Have we run out of other people’s money yet?

          • Thus it becomes foolhardy to do something actually good for the community- like taking an illegal(as per the C of O but perfectly okay with codes if plans are approved) 6 family and turning it into a local small business and cleaning up the property. Playing the fool for 25 years now. Newcomers take note.