84 Beacon Street
About This Property
There are many amenities close by, as this property is located in downtown Newburgh. There are many charming shops and cafes on the Liberty St corridor. Within the downtown area you can also find Downing Park, built by Central Park architect Calvert Vaux, SUNY Orange, Mount St. Mary's College, 2 Alices Coffee Lounge, shopping, cafes, restaurants, galleries, studio rentals, bodegas, post office, bars, George Washington Park Historic sight, Newburgh Waterfront and the Ferry to the Metro North Train Station. Also New York Stewart International Airport is right outside of town!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 10, 2023 | In contract | - | |
| In contract | |||
| Oct 1, 2023 | Listed by Brick and Mortar RE LLC | $350,000 | |
| Listed by Brick and Mortar RE LLC | |||
| Oct 22, 2020 | Sold | ||
| Sold | |||
| May 22, 2020 | Listed by Brick and Mortar RE LLC | $169,900 | |
| Listed by Brick and Mortar RE LLC | |||
| Jul 19, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017