NOT LISTED FOR SALE

23 Forsythe Place Newburgh, NY 12550

Estimated Value: $339,938 - $425,000

3 Beds
2 Baths
1,510 Sq Ft
$244/Sq Ft Est. Value

Last Sold March 19, 2024

Last sale price $320,000 $212 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,714/month

77 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating System
  • Level Lot
  • Park
  • Baseboard Heating

About This Home

As of March 2024

Welcome to 23 Forsythe Place, Newburgh, NY - an exceptional multifamily investment opportunity that combines convenience and potential income. Situated in a prime location, this property is perfectly positioned for commuters, outdoor enthusiasts, and investors looking for a promising venture. Located just moments away from major highways, residents here enjoy quick and easy access to neighboring cities and attractions. The scenic Newburgh waterfront, with its charming restaurants and recreational activities, is within reach, offering a delightful lifestyle to your future tenants or homeowners. Additionally, the proximity to the Beacon Train Station ensures seamless connectivity to the Metro-North Railroad, making it a breeze for commuters to reach New York City and the Hudson Valley. This property comprises two distinct units, making it an ideal income-generating investment. The top unit has the potential for 2 to 3 bedrooms, complete with full kitchen and bath, making it perfect for families or individuals seeking generous living space. In addition, let your imagination run wild with the unfinished walkup attic off the kitchen which could be additional living space or potential bedroom. Meanwhile, the lower unit features 1 large bedroom, living room, kitchen, and bath providing a cozy and functional residence. Investors, seize this golden opportunity to maximize your returns in the thriving Newburgh real estate market. This property calls upon all savvy investors to explore the potential of this promising investment. Don't hesitate; schedule a viewing today and embark on your journey to real estate success in Newburgh, NY! Could also make a great single family home for owners looking to occupy themselves or with extended family! BuildingAreaSource: Public Records, ConstructionDescription: Vinyl Siding, ParkingFeatures: On Street,

Last Agent to Sell the Property

Philip Szumlaski

Keller Williams Realty Brokerage Phone: (845) 928-8000 License #10401328601 Listed on: 10/26/2023

Keller Williams Realty

Last Buyer's Agent

Chelsea Pinto

Brooklyn Group NYC LLC License #10401331287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,148

Year Built

  • Built in 1925

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Newburgh Free Academy High School

Utilities

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

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 331100-009-000-0002-008.000-0000

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,148

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: (845) 928-8000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 3
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

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

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.09
  • Lot Features: Level
  • Parcel Number: 331100-009-000-0002-008.000-0000

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 1
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 1

Tax Info

  • Tax Annual Amount: 7148
  • Tax Map Number: 331100-009-000-0002-008.000-0000
  • IncludedInTaxes: Trash

MLS Schools

  • High School: Newburgh Free Academy
  • Middle School District: Newburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2023
Closed on
Mar 19, 2024
Sold by
Clavio Dean
Bought by
Forte Ronald T
Seller's Agent
Philip Szumlaski
Keller Williams Realty
Buyer's Agent
Chelsea Pinto
Brooklyn Group NYC LLC
List Price
$339,999
Sold Price
$320,000
Premium/Discount to List
-$19,999
-5.88%
Views
123
Current Estimated Value
$368,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,235
Avg. Annual Appreciation
8.51%
Original Mortgage
$125,000
Outstanding Balance
$121,876
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$246,359

Purchase Details

Closed on
Nov 19, 2009
Sold by
Clavio Vincent
Bought by
Clavio Dean

Purchase Details

Closed on
Oct 18, 1999
Sold by
Nhdv Equities Inc
Bought by
Mclaren Joseph T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 1997
Sold by
Modick Gary J and Modick Kathleen A
Bought by
Hynes Lisa J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Forte Ronald T $320,000 None Available
Forte Ronald T $320,000 None Available
Clavio Dean $200,000 Thomas J Murphy
Clavio Dean $200,000 Thomas J Murphy
Mclaren Joseph T $95,000 --
Mclaren Joseph T $95,000 --
Hynes Lisa J $80,500 --
Hynes Lisa J $80,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forte Ronald T $125,000
Closed Forte Ronald T $125,000
Previous Owner Mclaren Joseph T $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2024 03/19/24 Sold $320,000 0.0% $212 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/03/2024 01/03/24 Off Market $320,000 -- --
11/08/2023 11/08/23 Price Changed $324,999 -4.4% $215 / Sq Ft
10/26/2023 10/26/23 For Sale $339,999 -- $225 / 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 $9,321 $296,100 $31,000 $265,100
2023 $9,321 $282,000 $31,000 $251,000
2022 $9,003 $210,700 $14,100 $196,600
2021 $8,191 $175,600 $12,800 $162,800
2020 $5,929 $159,600 $12,800 $146,800
2019 $2,871 $135,400 $12,800 $122,600
2018 $2,871 $122,300 $14,500 $107,800
2017 $5,245 $122,300 $14,500 $107,800
2016 $4,787 $111,700 $14,500 $97,200
2015 -- $111,700 $14,500 $97,200
2014 -- $114,000 $14,500 $99,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6273783

OneKey® MLS

APN: 331100-009-000-0002-008.000-0000