238–240 Grand Street se yon envestisman miltip fanmi ki gen sis inite, ak apwobasyon pou inite nan sousòl, ki sitiye nan yon rezidans an bri ki soti nan fen 19yèm syèk la, yon peryòd kote yo te bati bilding pou reziste. Miray solid ak maçonnerie, travay cornice orne, ak pwopòsyon klasik pwopòz yon epòk konpetans ki ra replike jodi a, ofri envestisè yo yon sans tangible de pèmanans ansanm ak yon revni serye.

Orijinalman konstwi kòm yon gwo rezidans sèl, bilding nan te adapte ak anpil refleksyon pou fè apatman ki pwodui revni pandan li te kenbe karakteristik achitekti li. Ba fenèt laj, plafon ki gen wo, ak konstriksyon miray ki solid tradwi nan apatman ki lwe byen ak kenbe valè nan sik mache yo.

Soti nan yon pwen de vi envestisman, byen an bay revni ki estabilize nan plas la ak yon pousantaj kapital konpetitif, ki sipòte pa yon pwofil depans senp ak lokatè ki pwouve. Konstriksyon an ki pote chaj an bri ak planche ak do kay ki fèt ak bwa ofri dirabilite long tèm ki kontinye atire lokatè ak envestisè yo.

Ofri a enkli yon pakin adjasan ki itilize sèlman pou pakin ki pa sou wout, yon sèvis ki modere men ki gen anpil sans ki sipòte rete lokatè yo nan katye istorik sa a. Pa gen potansyèl devlopman ki ap mache; tè a sèvi sèlman kòm pakin.

Sitiye kèk moman soti nan Newburgh Waterfront ak gwo anplwayè yo nan rejyon an, pwopriyete a benefisye de yon demann lwe ki konsistan pandan l ap ofri envestisè yo pwopriyetè yon vrè byen istorik—yon ki melanje eritaj achitekti ak pèfòmans revni modèn.

238–240 Grand Street is a six-unit multifamily investment, with approval for basement unit, set within a late-19th-century brick residence, a period when buildings were constructed to endure. The property’s solid masonry walls, ornate cornice work, and classic proportions speak to an era of craftsmanship rarely replicated today, offering investors a tangible sense of permanence alongside reliable income.

Originally built as a grand single residence, the building has been thoughtfully adapted into income-producing apartments while retaining its architectural character. Wide window bays, generous ceiling heights, and substantial wall construction translate into apartments that rent well and hold value through market cycles.

From an investment standpoint, the asset delivers stabilized in-place income at a competitive cap rate, supported by a straightforward expense profile and proven tenancy. The structure’s load-bearing brick construction with wood-framed floors and roof offers long-term durability that continues to attract tenants and investors alike.

The offering includes an adjacent lot used exclusively for off-street parking, an understated but meaningful amenity that supports tenant retention in this historic neighborhood. No development potential is being marketed; the parcel functions solely as parking.

Situated moments from the Newburgh Waterfront and key regional employers, the property benefits from consistent rental demand while offering investors ownership of a true historic asset—one that blends architectural legacy with modern income performance.