NOT LISTED FOR SALE

227 Washington St Newburgh, NY 12550

Estimated Value: $384,000 - $452,000

8 Beds
3 Baths
2,460 Sq Ft
$164/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $145,000 $59 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $2,854/month

89 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Level Lot
  • Wood Flooring
  • Park

About This Home

As of February 2019

Investor Alert - New to market a three family home in the City of Newburgh NY. Recent renovations and great month to month tenants. The numbers work on this unit. All units have separate utilities. New water heaters on the 2nd and 3rd floors and on the 2nd FL there is a new boiler. The 2nd floor apartment has brand new wiring, heating, and plumbing. All the refrigerators are brand new. The building is fully rented and the cash flow works! the city of Newburgh is hot now and this property won't last.

Last Agent to Sell the Property

Janis Borgueta

Key Properties of Hudson Vly License #40BO1055114 Listed on: 09/23/2018

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,339

Year Built

  • Built in 1900 | Remodeled in 2016

Lot Details

  • 2,500 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 2,460 Sq Ft Home
  • Wood Flooring
  • Partial Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Schools

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

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Assessor Parcel Number 331100.038.000-0002-019.000/0000

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,339

Year Built

Built in 1900 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1900
  • Year Built Effective: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Partial
  • Total Bedrooms: 8
  • Living Area: 2460.00
  • Square Footage: 2460.00

Exterior Features

  • Construction Materials: Frame, Other
  • Patio and Porch Features: Porch
  • View YN: No

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, See Remarks
  • Hot Water: Electric Stand Alone
  • Heating Zones: 3
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: No
  • Trash Expense: 858.00

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Dimensions: 0.0574
  • Lot Size Sq Ft: 2500.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 331100.038.000-0002-019.000/0000
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Electricity, Gas, Heat

Tax Info

  • Close Date: 2019-02-26
  • Tax Annual Amount: 5339.00
  • Tax Map Number: 331100.038.000-0002-019.000/0000

Multi Family

  • Units Total: 3
  • Two Bedrooms: 1
  • Three Bedrooms: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

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
May 5, 2023
Sold by
Greens At Chester Llc
Bought by
Greens At Chester Section
Current Estimated Value
$403,897

Purchase Details

Closed on
Aug 30, 2022
Sold by
Falkowitz Samuel
Bought by
227 Washington St Llc

Purchase Details

Closed on
Jun 28, 2022
Sold by
St Comfort Llc
Bought by
Falkowitz Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 2, 2021
Sold by
Raquel Lichtenstein
Bought by
St Comfort Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
2.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2019
Sold by
Mr Estate Llc
Bought by
Lichtenstein Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2018
Closed on
Feb 26, 2019
Sold by
Palacio Properties Inc
Bought by
Mr Estate Llc
Seller's Agent
Janis Borgueta
Key Properties of Hudson Vly
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$170,000
Sold Price
$145,000
Premium/Discount to List
-$25,000
-14.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.98%
Original Mortgage
$139,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2013
Sold by
Jannotti Anna M
Bought by
Anna M Jannotti Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Greens At Chester Section -- Old Republic Title
Greens At Chester Section -- Old Republic Title
Greens At Chester Section -- Old Republic Title
227 Washington St Llc -- None Available
227 Washington St Llc -- None Available
227 Washington St Llc -- None Available
Falkowitz Samuel -- None Available
Falkowitz Samuel -- None Available
Falkowitz Samuel -- None Available
St Comfort Llc $320,000 Madison Title Agcy Llc
St Comfort Llc $320,000 None Available
St Comfort Llc $320,000 None Available
Lichtenstein Raquel -- Judicial Title Insurance Age
Lichtenstein Raquel -- Judicial Title Insurance Age
Lichtenstein Raquel -- Judicial Title Insurance Age
Mr Estate Llc $145,000 --
Mr Estate Llc $145,000 --
Mr Estate Llc $145,000 --
Anna M Jannotti Living Trust -- Mark Aberasturi
Anna M Jannotti Living Trust -- Mark Aberasturi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Falkowitz Samuel $316,000
Previous Owner St Comfort Llc $288,000
Previous Owner Lichtenstein Raquel $191,250
Previous Owner Mr Estate Llc $139,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2019 02/26/19 Sold $145,000 -14.7% $59 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
09/23/2018 09/23/18 For Sale $170,000 +161.5% $69 / Sq Ft
02/11/2016 02/11/16 Sold $65,000 -7.1% $26 / Sq Ft View Prior Sale
01/04/2016 01/04/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $70,000 -- $28 / Sq Ft
Source: OneKey® MLS

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 $9,089 $302,500 $23,200 $279,300
2023 $9,089 $275,000 $23,200 $251,800
2022 $9,042 $211,600 $11,200 $200,400
2021 $7,897 $169,300 $10,200 $159,100
2020 $5,060 $153,900 $10,200 $143,700
2019 $1,596 $67,900 $10,200 $57,700
2018 $1,596 $67,900 $10,900 $57,000
2017 $3,444 $67,900 $10,900 $57,000
2016 $4,744 $91,700 $10,900 $80,800
2015 -- $91,700 $10,900 $80,800
2014 -- $96,500 $10,900 $85,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4843996

OneKey® MLS

APN: 331100-038-000-0002-019.000-0000