Seller's Agent in 2025
Dan Gilbert
Brick and Mortar RE LLC
(845) 283-3561
22 in this area
24 Total Sales
181 1st St Newburgh, NY 12550
Estimated Value: $315,000 - $379,000
5
Beds
2
Baths
2,450
Sq Ft
$143/Sq Ft
Est. Value
Highlights
- The property is located in a historic district
- Park
- Baseboard Heating
- Property is near public transit, schools, and shops
About This Home
As of March 2025Check out this rare opportunity to own a beautiful two family brick row house. Each apartment has 2 floors. Buyers might consider living in one unit and renting the other to pay the mortgage. The building was gutted and completely renovated in 1994 and has had updates since then. Gas & electric are split & paid by tenants. Tenants are long term and on month to month leases. Rents are scheduled to go up 12/1/24 to #1 $1,533 and #2 $1,134. There are multiple amenities close by in downtown Newburgh & It is close to Downing Park designed by Central Park landscape architect Fredrick Olmstead and near many charming shops and cafes on the Liberty St corridor. The property is close to NY Stewart International Airport and other nearby amenities including SUNY Orange, Mount St. Mary's College, shopping, cafes, restaurants, galleries, studio rentals, post office, bars, Washington’s Headquarters Historic site, Newburgh Waterfront and the Ferry to the Metro North Train Station & NY City.
Last Agent to Sell the Property
Brick and Mortar RE LLC Brokerage Phone: 845 2833561 License #10491208757 Listed on: 09/03/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,204
Year Built
- Built in 1900 | Remodeled in 1994
Lot Details
- 2,901 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Location
- Property is near public transit, schools, and shops
- The property is located in a historic district
Schools
- Heritage Middle School
- Newburgh Free Academy High School
Utilities
- No Cooling
- Baseboard Heating
- Heating System Uses Natural Gas
Additional Features
- Finished Basement
Listing and Financial Details
- Tenant pays for electricity, gas, heat
- Assessor Parcel Number 331100-030-000-0002-006.000-0000
Community Details
Overview
- 2 Units
Recreation
- Park
Building Details
- 3 Separate Electric Meters
- 2 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 3, 2024
Closed on
Mar 24, 2025
Sold by
173 First St Assoc Lp
Bought by
Dennie Lexeon
Seller's Agent
Dan Gilbert
Brick and Mortar RE LLC
Buyer's Agent
Juwel Isaac
Charles Rutenberg Realty, Inc.
List Price
$375,000
Sold Price
$335,000
Premium/Discount to List
-$40,000
-10.67%
Views
7
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
$15,547
Avg. Annual Appreciation
4.42%
Original Mortgage
$324,022
Outstanding Balance
$320,502
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$30,045
Purchase Details
Closed on
Feb 14, 2002
Sold by
Safra Properties Llc
Bought by
Luria Issac
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 18, 2000
Sold by
Opportunity Funding I Llc
Bought by
Safra Properties Llc
Purchase Details
Closed on
Dec 15, 2000
Sold by
Fc Capital Corp and First City Capital Corp
Bought by
Fairbanks Capital Corp
Purchase Details
Closed on
Sep 10, 1997
Sold by
Countywide Equities Inc
Bought by
Tomlins Robert
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dennie Lexeon | $335,000 | First American Title | |
| Luria Issac | $65,500 | -- | |
| Luria Issac | $65,500 | -- | |
| Safra Properties Llc | $16,967 | First American Title Ins Co | |
| Opportunity Funding I Llc | -- | First American Title Ins Co | |
| Opportunity Funding I Llc | -- | First American Title Ins Co | |
| Fairbanks Capital Corp | -- | First American Title Ins Co | |
| Fairbanks Capital Corp | -- | First American Title Ins Co | |
| Tomlins Robert | $110,000 | -- | |
| Tomlins Robert | $110,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dennie Lexeon | $324,022 | |
| Previous Owner | Luria Issac | $52,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | Sold | $335,000 | -10.7% | $137 / Sq Ft |
| 12/27/2024 12/27/24 | Pending | -- | -- | -- |
| 09/03/2024 09/03/24 | For Sale | $375,000 | -- | $153 / 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 | $3,695 | $111,800 | $25,800 | $86,000 |
| 2023 | $3,695 | $111,800 | $25,800 | $86,000 |
| 2022 | $4,777 | $111,800 | $12,200 | $99,600 |
| 2021 | $4,348 | $93,200 | $11,100 | $82,100 |
| 2020 | $3,464 | $79,000 | $11,100 | $67,900 |
| 2019 | $3,872 | $72,000 | $11,100 | $60,900 |
| 2018 | $3,872 | $71,400 | $12,100 | $59,300 |
| 2017 | $3,474 | $68,500 | $12,100 | $56,400 |
| 2016 | $2,850 | $55,100 | $12,100 | $43,000 |
| 2015 | -- | $59,900 | $12,100 | $47,800 |
| 2014 | -- | $59,900 | $12,100 | $47,800 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Gilbert
-
Eli Vaknin
E
Seller Co-Listing Agent in 2025
Eli Vaknin
Brick and Mortar RE LLC
(845) 423-9510
15 in this area
16 Total Sales
-
Juwel Isaac
Buyer's Agent in 2025
Juwel Isaac
Charles Rutenberg Realty, Inc.
(347) 342-8515
1 in this area
5 Total Sales
Map
Source: OneKey® MLS
MLS Number: H6324068
APN: 331100-030-000-0002-006.000-0000
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