NOT LISTED FOR SALE

11 Benkard Ave Newburgh, NY 12550

Estimated Value: $239,000 - $492,000

9 Beds
3 Baths
3,222 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $310,000 $96 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,840/month

137 Days on Market

Highlights

  • Property is near public transit
  • Eat-In Kitchen
  • Park
  • Wood Flooring
  • Window Unit Cooling System
  • Hot Water Heating System

About This Home

As of January 2023

CALLING ALL INVESTORS!!! Check out this investment opportunity nestled in the City of Newburgh and just blocks away from the Hudson River. This home is surrounded by amenities including local eateries/restaurants, City of Newburgh Waterfront Trail, near schools, public transportation, and within a short 15 minutes drive to most major highways, including Interstate 84. Location is just the start of what this home has to offer. This multi family features 3 - Three bedroom units, all of which are currently leased, and each tenant pays their own utilities. Complete inside rehab in 2019 with separate tankless on-demand heaters for each unit and a new roof in 2021. This is such a great investment property to add to your portfolio - CALL NOW FOR YOUR SHOWING.

Last Agent to Sell the Property

Richard Baxter

Keller Williams Realty Brokerage Phone: (845) 494-4715 License #10401254733 Listed on: 08/05/2022

Keller Williams Realty

Co-Listed By

Rebecca Aviles

Keller Williams Realty Brokerage Phone: (845) 494-4715 License #10401341836

Keller Williams Realty

Last Buyer's Agent

Rebecca Aviles

Keller Williams Realty Brokerage Phone: (845) 494-4715 License #10401341836

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,240

Year Built

  • Built in 1890

Lot Details

  • 2,923 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Tri-Level Property
  • Brick Exterior Construction

Interior Spaces

  • 3,222 Sq Ft Home
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit

Schools

  • Magnet Sch Of Math Science & Design Elementary School
  • Newburgh Free Academy High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Assessor Parcel Number 331100-045-000-0005-010.000-0000

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,240

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Tri-Level
  • Property SubType: Multi Family
  • Year Built: 1890
  • Attribution Contact: (845) 494-4715
  • Co List Office Mls Id: ONEKWRE01
  • Co List Office Phone: 845-928-8000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 9
  • Living Area: 3222
  • SquareFootage: 3222.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: On Demand
  • NumberOfHeatingZones: 3

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 600
  • Trash Expense: 1300

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 2923
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 331100-045-000-0005-010.000-0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity, Heat

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3
  • NumberOf3Bedrooms: 3

Tax Info

  • Tax Annual Amount: 5240
  • Tax Map Number: 331100-045-000-0005-010.000-0000

MLS Schools

  • Elementary School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • Middle School District: Newburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Feb 7, 2023
Sold by
Taub Binyomin
Bought by
Mbh 11 Benkard Llc
Seller's Agent
Richard Baxter
Keller Williams Realty
Buyer's Agent
Rebecca Aviles
Keller Williams Realty
List Price
$379,999
Sold Price
$310,000
Premium/Discount to List
-$69,999
-18.42%
Views
255
Current Estimated Value
$373,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,358
Avg. Annual Appreciation
7.47%
Original Mortgage
$360,000
Interest Rate
6.15%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Aug 5, 2022
Closed on
Jan 6, 2023
Sold by
J & J Partners Realty Llc
Bought by
Taub Binyomin
Seller's Agent
Richard Baxter
Keller Williams Realty
Buyer's Agent
Rebecca Aviles
Keller Williams Realty
List Price
$379,999
Sold Price
$310,000
Premium/Discount to List
-$69,999
-18.42%
Views
255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.15%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 6, 2019
Sold by
J & J Partners Realty Llc
Bought by
Sawhney Jaskaran and Singh Jaspreet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 25, 2017
Sold by
Kaja Holdings 2 Llc
Bought by
J & J Partners Realty Llc

Purchase Details

Closed on
Aug 10, 2015
Sold by
Christiana Trust Resi Reo Sub Llc
Bought by
Kaja Holdings 2 Llc

Purchase Details

Closed on
Aug 8, 2015
Sold by
Arns Inc
Bought by
Resi Reo Sub Llc

Purchase Details

Closed on
Aug 7, 2015
Sold by
Christiana Trust
Bought by
Arns Inc

Purchase Details

Closed on
Jul 8, 2015
Sold by
Christiana Trust
Bought by
Arns Inc

Purchase Details

Closed on
Aug 5, 2014
Sold by
Lugo Edgar
Bought by
Christiana Trust A Division Of Wilmingt

Purchase Details

Closed on
Sep 17, 2007
Sold by
Clyne Properties Llc
Bought by
Lugo Edgar

Purchase Details

Closed on
Apr 28, 2005
Sold by
The Bank Of New York As Trustee
Bought by
Clyne Properties Llc

Purchase Details

Closed on
Feb 18, 2005
Sold by
Dryer As Referee Darryl
Bought by
The Bank Of New York As Trustee

Purchase Details

Closed on
Aug 17, 1999
Sold by
Vogl Albert J
Bought by
Hafemann Raymond J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
8.15%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mbh 11 Benkard Llc -- None Available
Mbh 11 Benkard Llc -- None Available
Mbh 11 Benkard Llc -- None Available
Taub Binyomin $310,000 None Available
Taub Binyomin $310,000 None Available
Taub Binyomin $310,000 None Available
Sawhney Jaskaran -- Title America Abstract Corp
Sawhney Jaskaran -- Title America Abstract Corp
Sawhney Jaskaran -- Title America Abstract Corp
J & J Partners Realty Llc $55,000 John E Jr Bach
J & J Partners Realty Llc $55,000 John E Jr Bach
Kaja Holdings 2 Llc $18,000 --
Kaja Holdings 2 Llc $18,000 --
Kaja Holdings 2 Llc $18,000 --
Kaja Holdings 2 Llc $18,000 --
Resi Reo Sub Llc -- --
Resi Reo Sub Llc -- --
Arns Inc -- --
Arns Inc -- --
Arns Inc -- --
Arns Inc -- --
Christiana Trust A Division Of Wilmingt $209,210 By: Samantha Sa Berkman, Hen
Christiana Trust A Division Of Wilmingt $209,210 By: Samantha Sa Berkman, Hen
Lugo Edgar $280,000 Azie
Lugo Edgar $280,000 Azie
Clyne Properties Llc $79,900 Stella Azie
Clyne Properties Llc $79,900 Stella Azie
The Bank Of New York As Trustee $87,942 Jordan Katz
The Bank Of New York As Trustee $87,942 Jordan Katz
Hafemann Raymond J $85,000 --
Hafemann Raymond J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mbh 11 Benkard Llc $375,000
Previous Owner Mbh 11 Benkard Llc $360,000
Previous Owner Sawhney Jaskaran $157,500
Previous Owner Hafemann Raymond J $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $310,000 -11.4% $96 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
11/03/2022 11/03/22 Price Changed $349,999 -4.1% $109 / Sq Ft
10/05/2022 10/05/22 Price Changed $364,999 -3.9% $113 / Sq Ft
08/05/2022 08/05/22 For Sale $379,999 -- $118 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,657 $391,000 $25,800 $365,200
2023 $9,657 $391,000 $25,800 $365,200
2022 $9,803 $316,200 $12,200 $304,000
2021 $11,289 $263,500 $11,100 $252,400
2020 $6,188 $223,300 $11,100 $212,200
2019 $1,227 $167,100 $11,100 $156,000
2018 $1,227 $52,200 $12,100 $40,100
2017 $2,648 $52,200 $12,100 $40,100
2016 $4,923 $75,000 $12,100 $62,900
2015 -- $88,900 $12,100 $76,800
2014 -- $98,800 $12,100 $86,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6203311

OneKey® MLS

APN: 331100-045-000-0005-010.000-0000