NOT LISTED FOR SALE

28 Forsythe Place Newburgh, NY 12550

Estimated Value: $450,000 - $572,000

2 Beds
2 Baths
2,248 Sq Ft
$224/Sq Ft Est. Value

Last Sold July 15, 2016

Last sale price $75,000 $33 Per Sq Ft

Est. 572% increase in value since last sale

Current estimated payment $3,750/month

424 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Window Unit Cooling System
  • Colonial Architecture
  • Porch
  • Hot Water Heating System

About This Home

As of July 2016

***Short Sale*** Great opportunity to invest in this mult-family property with AMAZING views of the Hudson River. It can be a source of income as a rental property, 2 units, or you can live in the property and rent 1 unit, or you can make it a 1 family. Close to major highways, shopping. Walk to the Newburgh Waterfront where there are restaurants, spas, yoga studios, The Yellowbird Gallery, and much much more.

Last Agent to Sell the Property

Sean McPhail

Next Level Property Management Brokerage Phone: 845-473-3711 License #10311208752 Listed on: 02/05/2015

Last Buyer's Agent

Sean McPhail

Next Level Property Management Brokerage Phone: 845-473-3711 License #10311208752 Listed on: 02/05/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 4,840 Sq Ft Lot
  • No Common Walls
  • Level Lot

Property Views

  • Water
  • Panoramic

Home Design

  • Colonial Architecture
  • Frame Construction
  • Aluminum Siding
  • Stucco

Interior Spaces

  • 2,248 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Carport
  • Driveway
  • On-Street Parking

Outdoor Features

  • Porch

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 Oil

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 331100.009.000-0003-004.000/0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story, Colonial
  • Property SubType: Multi Family
  • Year Built: 1935
  • Attribution Contact: 845-473-3711
  • Village: None
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Finished
  • Total Bedrooms: 2
  • Living Area: 2248
  • Owner Pays: Insurance
  • SquareFootage: 2248.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Aluminum Siding, Stucco
  • View: Panoramic, Water
  • Patio and Porch Features: Porch
  • View YN: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Carport, Driveway, On Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: On Demand
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Trash Collection

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 400

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.1111
  • Lot Size Sq Ft: 4840
  • Lot Size Units: Acres
  • Lot Features: Level, Sloped
  • Parcel Number: 331100.009.000-0003-004.000/0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Fuel Expense: 4500
  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf1Bedrooms: 2

Tax Info

  • Tax Annual Amount: 10414
  • Tax Map Number: 331100.009.000-0003-004.000/0000

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 6, 2020
Sold by
Ac Liberty Dev Llc
Bought by
Rutgers Food Services Inc
Current Estimated Value
$504,121

Purchase Details

Listed on
Feb 5, 2015
Closed on
Jun 23, 2016
Sold by
Coston Clyde
Bought by
Ac Liberty Developmentllc
Seller's Agent
Sean McPhail
Next Level Property Management
Buyer's Agent
Sean McPhail
Next Level Property Management
List Price
$149,995
Sold Price
$75,000
Premium/Discount to List
-$74,995
-50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.47%

Purchase Details

Closed on
Jul 14, 2003
Sold by
Coston Clyde E
Bought by
Coston Clyde E

Purchase Details

Closed on
Mar 15, 2000
Sold by
Coston Rose
Bought by
Coston Rose
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
Rutgers Food Services Inc -- None Available
Ac Liberty Developmentllc $75,000 John E Bach
Coston Clyde E -- --
Coston Rose -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2016 07/15/16 Sold $75,000 -50.0% $33 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
02/05/2015 02/05/15 For Sale $149,995 -- $67 / 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 $13,188 $419,000 $63,400 $355,600
2023 $13,188 $399,000 $63,400 $335,600
2022 $10,494 $245,600 $28,100 $217,500
2021 $9,549 $204,700 $25,500 $179,200
2020 $9,424 $186,100 $25,500 $160,600
2019 $3,630 $155,400 $25,500 $129,900
2018 $3,630 $128,000 $29,600 $98,400
2017 $6,492 $128,000 $29,600 $98,400
2016 $4,203 $134,000 $29,600 $104,400
2015 -- $147,000 $29,600 $117,400
2014 -- $150,000 $29,600 $120,400
Source: Public Records

Agents Affiliated with this Home

  • Sean McPhail

    Seller's Agent in 2016

    Sean McPhail

    Next Level Property Management

    (845) 245-4496

    17 in this area

    30 Total Sales

    Sean McPhail
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Map

Source: OneKey® MLS

MLS Number: KEY4503780

OneKey® MLS

APN: 331100-009-000-0003-004.000-0000

New York Orange County Newburgh 12550

28 Forsythe Place, Newburgh, NY

Not Listed for Sale

MultiFamily

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