NOT LISTED FOR SALE

2 Mill St Newburgh, NY 12550

Estimated Value: $460,948 - $987,000

12 Beds
3 Baths
6,804 Sq Ft
$106/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $200,000 $29 Per Sq Ft

Est. 262% increase in value since last sale

Current estimated payment $5,254/month

165 Days on Market

About This Home

As of September 2014

Situated on Broadway and Corner of Mill Street this five unit building offers one storefront and four apartments. Complex is fully rented with present owner living on premises. Present owner has done extensive renovations on the apartments and has converted most all apartments to electric heat and consequently tenants now pay all utilities. Property consists of two buildings. The Broadway frontage bldg. has restaurant and two apartments. The attached bldg,. has two apartments. There is a large parking area off the Bdwy bldg that leads to lower back yard with additional access from one apt. Unit #5 is a storefront and rent is $1200.

Last Agent to Sell the Property

Sandra Cotthaus

1st Independent Realty Grp Brokerage Phone: 845-566-3524 License #31CO1137217 Listed on: 03/20/2014

Last Buyer's Agent

Jennifer Livesey

HomeSmart Homes & Estates License #10401256557

HomeSmart Homes & Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958 | Remodeled in 2013

Lot Details

  • 4,069 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 6,804 Sq Ft Home
  • Stone Siding

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Lot

Schools

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

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Assessor Parcel Number 331100-035-000-0001-010.000-0000

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1958 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1958
  • Year Built Effective: 2013
  • Attribution Contact: 845-566-3524
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 12
  • Living Area: 6804
  • Owner Pays: Insurance
  • SquareFootage: 6804.00
  • SquareFootageSource: Other

Exterior Features

  • Construction Materials: Stone

Garage/Parking

  • Total Parking Spaces: 5
  • Attached Garage: No
  • Garage: No
  • Parking Description: Parking Lot

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Electric, Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Electric Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1056
  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 0.0934
  • Lot Size Sq Ft: 4069
  • Lot Size Units: Acres
  • Lot Features: Corner Lot
  • Parcel Number: 331100-035-000-0001-010.000-0000
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Heat

Multi Family

  • Units Total: 5
  • Separate Electric Meters: 5
  • Separate Gas Meters: 5
  • NumberOf1Bedrooms: 0
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 3
  • NumberOf4Bedrooms: 1

Tax Info

  • Tax Annual Amount: 14873
  • Tax Map Number: 331100-035-000-0001-010.000-0000

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

Closed on
Aug 25, 2022
Sold by
2 Mill St Property Mgmt
Bought by
2 Mill Llc
Current Estimated Value
$723,974

Purchase Details

Closed on
Aug 26, 2021
Sold by
Gregorian Llc
Bought by
2 Mill St Property Mgmt

Purchase Details

Closed on
Jul 12, 2016
Sold by
2 Mill Street Management
Bought by
Gregorian Llc

Purchase Details

Listed on
Mar 20, 2014
Closed on
Sep 30, 2014
Sold by
2 Mill Street Corp
Bought by
2 Mill Street Property
Seller's Agent
Sandra Cotthaus
1st Independent Realty Grp
Buyer's Agent
Jennifer Livesey
HomeSmart Homes & Estates
List Price
$239,900
Sold Price
$200,000
Premium/Discount to List
-$39,900
-16.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%

Purchase Details

Closed on
Jun 19, 2012
Sold by
Aquirre Magalay
Bought by
2 Mill Street Corp

Purchase Details

Closed on
Feb 24, 2012
Sold by
Bayview Loan Servicing Llc
Bought by
Aguirre Magaly

Purchase Details

Closed on
Aug 11, 2011
Sold by
Stewart P Glenn As Referee
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Mar 15, 2007
Sold by
North Plank Development
Bought by
Parra Maria M

Purchase Details

Closed on
Jun 30, 2000
Sold by
Losavio Thomas J
Bought by
Losavio Thomas J and Losavio Colleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,250
Interest Rate
8.55%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 7, 2000
Sold by
Lampack Henry
Bought by
North Plank Development Company Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
2 Mill Llc -- None Available
2 Mill St Property Mgmt -- None Available
Gregorian Llc -- Neal Friedman
2 Mill Street Property $200,000 Laurence Clemente
2 Mill Street Corp $119,000 Michelle Anderson
Aguirre Magaly $119,000 Nydia Padilla-Barham
Bayview Loan Servicing Llc $1,000 Fein Such Crane Fein,Such &
Parra Maria M $395,000 Martin Cohen
Losavio Thomas J -- --
North Plank Development Company Llc $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Losavio Thomas J $182,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2014 09/30/14 Sold $200,000 -16.6% $29 / Sq Ft
09/02/2014 09/02/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $239,900 -- $35 / 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 $16,989 $514,000 $66,300 $447,700
2023 $16,989 $514,000 $66,300 $447,700
2022 $15,613 $365,400 $21,100 $344,300
2021 $17,045 $365,400 $21,100 $344,300
2020 $23,496 $365,400 $21,100 $344,300
2019 $9,982 $300,800 $21,100 $279,700
2018 $9,982 $300,800 $25,700 $275,100
2017 $17,318 $300,800 $25,700 $275,100
2016 $15,440 $265,200 $25,700 $239,500
2015 -- $265,200 $25,700 $239,500
2014 -- $265,200 $25,700 $239,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4402085

OneKey® MLS

APN: 331100-035-000-0001-010.000-0000