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$ 1,285,000
Est. payment | /mo
10,685 Sqft Lot
$ 1,285,000
Est. payment | /mo
10,685 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1060319
Rental Info No
Year Built 1870
Annual Tax Amount $18,373
Lot Size 10,685 Sqft
Acres 0.2453
Property Sub-Type Multi Family
Source onekey2
Property Description
A rare river-view gem of a trophy investment property on the Hudson!
226 Montgomery Street is a magnificent circa-1870 brick residence thoughtfully converted into five beautifully renovated apartments. This stately property has kept its historic pomp: sky-high ceilings, oversized windows, decorative fireplaces, original architectural details, and graciously proportioned rooms. At the same time, its conversion to multifamily use makes it a practical investment property, with fantastic tenants who treat it like home. Recent roof and woodwork renovations, along with attractive tax abatements, help make future pro forma projections more predictable.
The five residences include one 3-bedroom, one 2-bedroom, and three 1-bedroom apartments, each with its own distinct character and views. The property also offers off-street parking, a yard with a view, and a deck. All five apartments are currently leased.
Preserved architecture, substantial scale, renovated interiors, and desirable river-view location on peaceful Montgomery St! Welcome to a keen opportunity to acquire a landmark-quality multifamily property with strong existing income and enduring architectural appeal.
226 Montgomery Street is a magnificent circa-1870 brick residence thoughtfully converted into five beautifully renovated apartments. This stately property has kept its historic pomp: sky-high ceilings, oversized windows, decorative fireplaces, original architectural details, and graciously proportioned rooms. At the same time, its conversion to multifamily use makes it a practical investment property, with fantastic tenants who treat it like home. Recent roof and woodwork renovations, along with attractive tax abatements, help make future pro forma projections more predictable.
The five residences include one 3-bedroom, one 2-bedroom, and three 1-bedroom apartments, each with its own distinct character and views. The property also offers off-street parking, a yard with a view, and a deck. All five apartments are currently leased.
Preserved architecture, substantial scale, renovated interiors, and desirable river-view location on peaceful Montgomery St! Welcome to a keen opportunity to acquire a landmark-quality multifamily property with strong existing income and enduring architectural appeal.
Location
State NY
County Orange County
Rooms
Basement Finished
Interior
Heating Radiant
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Newburgh
School District Newburgh
Others
Special Listing Condition None
Listed by ReAttached • Sarah Beckham Hooff
Nearby Locations
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Jeffrey Jimenez
Licensed Real Estate Salesperson License ID: 10401267947