J
Seller's Agent in 2025
Joseph Polatseck
Joseph Polatseck
(646) 526-2751
4 in this area
6 Total Sales
163 Chambers St Newburgh, NY 12550
9
Beds
4
Baths
2,880
Sq Ft
2,500
Sq Ft Lot
About This Home
As of November 2025*Exceptional Investment Opportunity!* Discover a rare gem in the heart of Newburgh! This charming 4-unit brick building offers a unique blend of strong returns, low maintenance, and growth potential. With a 10.5%+ cap rate, recent renovations (2019), and a prime location near the Hudson River waterfront, this property is poised for long-term success. *Key Highlights:* - *Strong Cap Rate*: 10.5%+ potential for high returns on investment
- *Renovated Property*: Modern amenities and reduced maintenance costs
- *Prime Location*: Scenic views and growth potential in Newburgh's heart
- *Income Potential*: 4-unit building with stable rental income potential *Schedule a showing today* and seize this fantastic investment opportunity! BTW, utilities for top 2 floors are paid by the owner. Don't miss out!
Last Agent to Sell the Property
Joseph Polatseck License #10351219755 Listed on: 07/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,939
Year Built
- Built in 1890
Lot Details
- 2,500 Sq Ft Lot
- Back Yard Fenced
Home Design
- Quadruplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Schools
- Meadow Hill Global Explorations Magnet Middle School
- Newburgh Free Academy High School
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas, heat
- Legal Lot and Block 7 / 4
- Assessor Parcel Number 331100-018-000-0004-007.000-0000
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2025
Closed on
Nov 26, 2025
Sold by
Jjp Estates Llc
Bought by
Jackson Robert and Jackson Tiffany
Seller's Agent
Joseph Polatseck
Joseph Polatseck
Buyer's Agent
Michael Finger
RE/MAX Distinguished Hms.&Prop
List Price
$589,000
Sold Price
$585,920
Premium/Discount to List
-$3,080
-0.52%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,295
Avg. Annual Appreciation
1.94%
Original Mortgage
$569,494
Outstanding Balance
$567,128
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$23,087
Purchase Details
Listed on
Jul 24, 2025
Closed on
Nov 3, 2025
Sold by
Polatseck Joseph
Bought by
Jjp Estates Llc
Seller's Agent
Joseph Polatseck
Joseph Polatseck
Buyer's Agent
Michael Finger
RE/MAX Distinguished Hms.&Prop
List Price
$589,000
Sold Price
$585,920
Premium/Discount to List
-$3,080
-0.52%
Views
42
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,494
Outstanding Balance
$567,128
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$23,087
Purchase Details
Closed on
Sep 29, 2022
Sold by
Classic Tool Design Inc and Mar Bet Realty Inc
Bought by
Jp Warehouse Llc
Purchase Details
Closed on
Dec 18, 2018
Sold by
Spring St Group Llc
Bought by
Polatseck Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 3, 2018
Sold by
Bletsas Helen
Bought by
Spring St Group Llc
Purchase Details
Closed on
Dec 20, 2004
Sold by
Pagano Anthony
Bought by
Bletsas Helen
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $585,920 | Westcor Land Title Insurance | |
| Deed | -- | -- | |
| Deed | $25,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $32,500 | -- | |
| Deed | $32,500 | -- | |
| Deed | $32,500 | -- | |
| Deed | $76,546 | Paul Brite | |
| Deed | $76,546 | Paul Brite |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $569,494 | Purchase Money Mortgage | |
| Previous Owner | $196,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | Sold | $585,920 | -0.5% | $203 / Sq Ft |
| 09/02/2025 09/02/25 | Pending | -- | -- | -- |
| 07/24/2025 07/24/25 | For Sale | $589,000 | -- | $205 / Sq Ft |
Source: OneKey® MLS
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 | $8,197 | $272,800 | $23,200 | $249,600 |
| 2023 | $8,197 | $248,000 | $23,200 | $224,800 |
| 2022 | $10,554 | $247,000 | $11,200 | $235,800 |
| 2021 | $9,600 | $205,800 | $10,200 | $195,600 |
| 2020 | $7,133 | $174,400 | $10,200 | $164,200 |
| 2019 | $881 | $136,900 | $10,200 | $126,700 |
| 2018 | $881 | $37,500 | $10,900 | $26,600 |
| 2017 | $1,654 | $32,600 | $10,900 | $21,700 |
| 2016 | $4,027 | $54,800 | $10,900 | $43,900 |
| 2015 | -- | $59,600 | $10,900 | $48,700 |
| 2014 | -- | $66,200 | $10,900 | $55,300 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Polatseck
-
Michael Finger
Buyer's Agent in 2025
Michael Finger
RE/MAX
1 in this area
12 Total Sales
Map
Source: OneKey® MLS
MLS Number: 893445
APN: 331100-018-000-0004-007.000-0000
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2026 OneKey® MLS. All rights reserved.
Based on information submitted to the MLS GRID
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