360 BroadwayNewburgh, NY 12550Sale Price: $287,500

This is the best Broadway location in a super-hot retail corridor. This two-floor building with retail on the first and residential on the second is just begging for a new owner. State traffic count says there are 16,600 cars per day moving an average of 27 mph. Loads of foot traffic next to Rockland Bakery and Restaurant Row and your business will be noticed. This is an ideal location for walk-in and drive-to business in the center of Newburgh. Income of $975.00 each for the first and second floors equaling $23,400/year. The rental on the first floor commercial space should be $1800/month and the 3-bedroom residence on the second should be $1,600. Expenses are $1200 for insurance, maintenance and vacancy of $2,340, water and sewer of $952. That would make the building a 9% cap. Plus there is a cemetery next door which frees up 30 parking spaces which means your customers will never want for a parking space or wonder the limits of shameless broker puffery. Additional Information: AnnualDebtService:12888,FloorLoad:9,