$975,000
●
House -
Off Market
8 Commonwealth Avenue
Newburgh (Town), NY 12550
3 Beds
3 Baths
3,262 Ft²
$1,466,254
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
The ultimate in waterfront living, now at a great price.
Direct, private river frontage with expansive river views.
Riparian rights, private beach, mooring. Launch kayaks or
other watercraft and go for a morning swim. Floating dock may be
installed. Resort-like private oasis combines old-world charm with
modern amenities. Sun-filled living room with fireplace; four sets
of sliders to bring the outdoors in. Chef's kitchen with dining
area, wall of windows. First floor features guest suite with full
bath which opens out to sunken garden and river views; plus
office/bedroom and second full bath. Covered outdoor patio. Second
floor master suite, master bath with walk-in shower, walk-in
closet, and private deck overlooking the river. Large unfinished
bonus room off the master suite ideal for studio, exercise room,
etc. Minutes to restaurants on Newburgh's waterfront. Ideal
location, water taxi from Newburgh to Metro-North in Beacon or just
a few minutes' drive to the train. 20 minutes to Stewart Intl
Airport. Additional Information:
Amenities:Storage,HeatingFuel:Oil Above
Ground,ParkingFeatures:2 Car Attached,
Unit Size
3,262 Ft²
Days on Market
-
Land Size
1.60 acres
Price per sqft
$307
Property Type
House
Property Taxes
$1,176
HOA Dues
-
Year Built
1964
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (OneKey MLS #KEYH4840633)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2019 | Sold | ||
| Sold | |||
| Sep 4, 2018 | Listed by Houlihan Lawrence Inc. | $1,000,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Aug 9, 2018 | No longer available | - | |
| No longer available | |||
| Jul 16, 2018 | Listed | $1,490,000 | |
| Listed | |||
| | |||
|
Amazing Balmville waterfront property available for the first time in decades. Walk right into the Hudson River from your private oasis, this home feels like an island in the river! This is one of a few homes on the Hudson River with direct water access, drive over the train tracks and enter paradise. Wake up in your master bedroom surrounded by the gleaming waves of the Hudson River and walk out to your private terrace to catch the morning sun. Off the master bedroom is a semi-finished space for your studio! The small boat house is ready for a floating dock, or dive right into the Hudson for your morning swim. Enjoy the view from the covered porch or sit on the second level terrace and watch the boats go by. Lovingly cared for home on a unique piece of Hudson River property. Rebuilt bulkhead in 2013, main roof redone in 2013, and flat roof on patio/terrace done in 2016. New breakers and distribution panels completely redone in 2017. New paved driveway completed in 2017. Check out the virtual tour! The manager has listed the unit size as 3262 square feet.
| |||
| May 12, 2004 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
With View
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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