NOT LISTED FOR SALE

288 South St Newburgh, NY 12550

Estimated Value: $251,279 - $322,000

4 Beds
2 Baths
1,624 Sq Ft
$176/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $170,000 $105 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,048/month

12 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Bedroom
  • Eat-In Kitchen
  • Wood Flooring
  • Corner Lot
  • 4-minute walk to Downing Park

About This Home

As of July 2022

Excellent investment opportunity. Good money-maker with two long-term, reliable month-to-month tenants who pay their own utilities; landlord pays water/sewer. Units are in good condition but need updating. Electric heat, 5 zones per unit; 2 meters. Appliances approx. 5 years old; two water heaters 4 years old, 40-gal capacity. Identical 2-bedroom, 1-bath units, top over bottom, corner lot, off-street parking for one car. Great location across from Downing Park and within walking distance of shops, buses, school, waterfront. Minutes from 1-87, 1-84, Newburgh-Beacon Ferry, Stewart Int'l Airport, just about an hour to NYC. Selling "as is."

Last Agent to Sell the Property

Beryl Oles

Quinn Realty Group Inc License #30OL0962401 Listed on: 04/13/2022

Co-Listed By

Vanessa Saunders

Global Property Systems License #10491202606

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,334

Year Built

  • Built in 1900

Lot Details

  • 1,951 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,624 Sq Ft Home
  • 2-Story Property
  • Eat-In Kitchen
  • Unfinished Basement

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • No Garage
  • Off-Street Parking

Location

  • Property is near public transit

Schools

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

Utilities

  • No Cooling
  • 10 Heating Zones
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity, heat
  • Assessor Parcel Number 331100-017-000-0004-011.000-0000

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • 2 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,334

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Year Built: 1900
  • Attribution Contact: 914-368-0022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 1st Floor Bedrm, Eat-in Kitchen
  • Living Area Units: Square Feet
  • Flooring: Hardwood, Wall To Wall Carpet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 4
  • Living Area: 1624.00
  • Square Footage: 1624.00

Exterior Features

  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 1.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: No Garage, Off Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Electric, See Remarks
  • Hot Water: Electric Stand Alone
  • Heating Zones: 10
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Maintenance Expense: 1197.00
  • Trash Expense: 1125.00

Schools

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

Lot Info

  • Lot Size Acres: 0.0400
  • Lot Size Area: 0.0400
  • Lot Size Sq Ft: 1951.00
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 331100-017-000-0004-011.000-0000
  • Property Attached: No

Rental Info

  • Hold Start Date: 2022-04-14
  • Tenant Pays: Electricity, Heat

Tax Info

  • Close Date: 2022-07-14
  • Tax Annual Amount: 5334.00
  • Tax Map Number: 331100-017-000-0004-011.000-0000

Multi Family

  • Units Total: 2
  • 1 Bedrooms: 2
  • Separate Electric Meters: 2

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
Oct 19, 2022
Sold by
B & N Estates Llc
Bought by
Mendlowitz Benjamin
Current Estimated Value
$286,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
6.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Apr 13, 2022
Closed on
Jul 11, 2022
Sold by
Pritchard Properties Llc
Bought by
B & N Estates Llc
Seller's Agent
Beryl Oles
Quinn Realty Group Inc
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$195,000
Sold Price
$170,000
Premium/Discount to List
-$25,000
-12.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.20%
Original Mortgage
$183,000
Interest Rate
5.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2014
Sold by
Pritchard Robert A
Bought by
Pritchard Properties Llc

Purchase Details

Closed on
Sep 13, 1996
Sold by
Webb Edwin R
Bought by
Hopper Eddie H and Henry Doreen
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
Mendlowitz Benjamin -- First American Title
Mendlowitz Benjamin -- First American Title
Mendlowitz Benjamin -- First American Title
B & N Estates Llc $170,000 Fidelity Title Ins
B & N Estates Llc $170,000 Fidelity Title Ins
B & N Estates Llc $170,000 Fidelity Title Ins
Pritchard Properties Llc -- Glen Heller
Pritchard Properties Llc -- Glen Heller
Hopper Eddie H $79,000 --
Hopper Eddie H $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendlowitz Benjamin $218,000
Previous Owner B & N Estates Llc $183,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $170,000 0.0% $105 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/14/2022 04/14/22 Off Market $170,000 -- --
04/13/2022 04/13/22 For Sale $195,000 -- $120 / 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 $6,577 $199,000 $15,700 $183,300
2023 $6,577 $199,000 $15,700 $183,300
2022 $6,892 $161,300 $7,700 $153,600
2021 $6,269 $134,400 $7,000 $127,400
2020 $5,740 $130,500 $7,000 $123,500
2019 $2,371 $119,700 $7,000 $112,700
2018 $2,371 $100,900 $7,400 $93,500
2017 $5,118 $100,900 $7,400 $93,500
2016 $4,738 $91,600 $7,400 $84,200
2015 -- $91,600 $7,400 $84,200
2014 -- $96,400 $7,400 $89,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6175139

OneKey® MLS

APN: 331100-017-000-0004-011.000-0000