157 Chambers St · Newburgh, NY 12550

$499,000

6 bd · 3.0 ba · 2,640 sqft · MultiFamily public records · 9 Days on market

Built 1900 2,500 sqft lot Est $401k · 24% over

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.6/30.0
• DSCR +7.6/10.0
• 1% rule +6.2/10.0
• Schools +3.5/10.0
• Livability +3.1/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Attention investors! Three unit home in city of Newburgh near most shopping, schools and amenities! House needs extensive work throughout; but outstanding opportunity for rehab. SOLD AS-IS. BUYER TO PAY NYS TRANSFER TAX. CASH OFFERS ONLY W/ PROOF OF FUNDS. * * * USE SHOWING ASSIST FOR ACCESS/SHOWING INFO. OR SEE MEMBER'S REMARKS, BELOW. * * *

Key facts

• Stylish cabinetry
• Quartz countertops
• Historic east end

Tags

• HISTORIC EAST END
• MODERN KITCHENS
• QUARTZ COUNTERTOPS
• NEW APPLIANCES
• STYLISH CABINETRY
• LUXURY VINYL FLOORING

Property features AI

Exterior

• Parking: No designated parking or carport
• Utilities: Electricity connected (Orange & Rockland); Natural gas connected; Public sewer; Water connected
• Home design: Triplex; Actual condition reported
• Construction: Stone construction; Stone foundation
• Exterior features: Back yard

Interior

• Kitchen: Chef's kitchen; Breakfast bar
• Bedrooms: Three 2-bedroom units
• Flooring: Carpet; Laminate
• Bathrooms: Three full bathrooms
• Heating & cooling: Natural gas heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; First-floor full bathroom; Breakfast bar; Chef's kitchen; Aluminum-framed windows; Bilco door(s) to crawl space basement
• Laundry & utility: Washer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $499k.

Deal economics

• At list price, monthly cash flow is $938 ($11k/yr) — positive. Per door: $313/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $499k).
• Cap rate 8.5% vs local median 4.4% in Newburgh — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#878 in NY) — a middle-class / working-renter tenant base. Strengths: health & safety A+, housing B+, cost of living B; Watch: employment D+, crime F, amenities F.
• Newburgh City School District (suburban): math 33% / reading 48% proficiency, ranked #500 of 590 in NY (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Newburgh Free Academy (math 76% / reading 85%, grade A, #506 of 1,100 statewide, top 46%, 3,433 students, 56% FRL).
• Zoned-school proficiency averages 80% at this address vs 40% district-wide (+40 pts) — the actual schools serving this property are materially stronger than the Newburgh City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents flat; 383 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,746 units permitted in Orange County in 2024 (1,265 in 5+ unit buildings).
• At $5,595/mo this rent would consume 78% of the median local household income ($86k/yr) (locally 2412% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $275k; list at $499k implies a 81% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $499,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.05%
• DSCR: 1.36
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $401,280
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
298 Liberty St	0.08mi	6/3.0	2,573 (-2%)	20mo	$370,000	$144	75
60 Johnston St	0.28mi	6/2.0	2,625 (-1%)	18mo	$298,000	$114	67
17 Lutheran St	0.46mi	6/2.0	2,670 (+1%)	15mo	$285,000	$107	60
16 Lutheran St	0.45mi	6/2.0	2,508 (-5%)	13mo	$380,000	$152	56
181 First St	0.29mi	5/2.0 (-1)	2,450 (-7%)	15mo	$335,000	$137	53
52 Benkard Ave	0.73mi	6/3.0	2,400 (-9%)	5mo	$375,000	$156	47
57 Carpenter Ave	0.43mi	7/3.0 (+1)	3,000 (+14%)	8mo	$460,000	$153	46
189 Liberty St	0.29mi	7/5.0 (+1)	2,927 (+11%)	16mo	$565,000	$193	42
15 E Parmenter St	0.59mi	5/2.5 (-1)	2,468 (-6%)	24mo	$555,000	$225	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.63% rent growth · sell at horizon

5-year hold

• IRR: -6.8%
• Equity multiple: 0.76×
• Total profit: $-34,065
• Equity at exit: $74,403

10-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-3,334
• Equity at exit: $43,144

Cash invested: $139,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12550

• Home prices YoY: -33.3%
• Rents YoY: 0.6%
• Active inventory: 383
• Price-to-rent: 22.3×

Monthly cashflow live

• Estimated rent: $5,595 high
• Mortgage (P&I): −$2,617
• Tax from tax record: −$658 /mo · $7,891/yr
• Insurance: −$208
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,175
• Net cashflow: $938

Break-even live

Break-even rent $4,408

Max offer price $499,000

Occupancy floor 78%

Sensitivity live

Price	-10% $1,220	-5% $1,079	+0% $938	+5% $796	+10% $655
Rent	-10% $496	-5% $717	+0% $938	+5% $1,159	+10% $1,380
Rate	-1.0pp $1,189	-0.5pp $1,065	base $938	+0.5pp $808	+1.0pp $677

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$5,595
Total (3 units)			$5,595

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $124,750
• Closing costs: $14,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
87 Ellis Ave Newburgh, NY	5.0	2.5	2172	$2,500	$1.15	44d	1	1.40mi

Listing history 8 events

1. 2026-06-18
   days on market $499,000 Active 9 DOM
2. 2026-06-17
   days on market $499,000 Active 8 DOM
3. 2026-06-16
   days on market $499,000 Active 7 DOM
4. 2026-06-15
   days on market $499,000 Active 6 DOM
5. 2026-06-14
   days on market $499,000 Active 4 DOM
6. 2026-06-13
   days on market $499,000 Active 3 DOM
7. 2026-06-09
   remarks 699-char remark
8. 2026-06-09
   listed $499,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $7,891 · $658/mo
• Projected year-2 tax: $8,162 · $680/mo
• Expected delta: +$271/yr (+$23/mo · 3.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $67,140
• − Mortgage interest: −$27,952
• − Property taxes: −$7,891
• − Insurance: −$2,495
• − Repairs & maintenance: −$5,371
• − Management: −$5,371
• − Depreciation: −$14,516
• Taxable income: $3,543
• Est. tax owed @ 24.0%: −$850
• After-tax cash flow: $10,402/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Newburgh City School District
• NCES district ID: 3620700
• Math proficiency: 33% ▼ -8.00%
• Reading proficiency: 48% ▲ 10.00%
• Median HH income: $56,387
• Composite: 35.46/100
• National rank: #4927
• State rank: #500 of 590 in NY

Livability — Newburgh

• Score: 62/100
• State rank: #878
• US rank: #17021

Category grades

Amenities F Commute F Cost of living B Crime F Employment D+ Housing B+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newburgh, NY
• County: Orange County · 267,004 people
• City population: 55,152
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• Population (ZIP): 55,152
• Household income: $85,697
• Rent vs Own: 44.2% rent · 55.8% own
• Severe rent burden: 2412.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 379,830 people
• By 2030: 378,955 · -0.2%
• By 2040: 375,444 · -1.2%
• By 2050: 369,311 · -2.8%
• By 2075: 354,233 · -6.7%
• By 2100: 318,150 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 39% White 36% Black 20% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 10% Dominican 2%
• Common ancestry: Romanian 2% Hispanic 1% Lithuanian 1%
• Foreign-born: 18% · Canada, Dominican Republic
• Languages at home: 64% English-only · Spanish 30% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Orange

• 2024 margin: Lean R (+8.4) · D 45.8% · R 54.2%
• 2008→2024 swing: -12.5pp toward R · 2008: 4.1pp · 2024: -8.4pp
• All cycles: 2024: R+8.4 2020: R+0.2 2016: R+6.5 2012: D+5.2 2008: D+4.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.93%
• Current HPI: 304.1046
• Rent YoY: ▲ 0.63%
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+1286.1% since first listed

5 events — show timeline

• 2026-06-09 Listed $499,000 OneKey® MLS as Distributed by MLS Grid
• 2024-07-09 Sold (Public Records) $275,000 Public Records
• 2010-05-18 Sold (MLS) $36,000 HGMLS
• 2010-04-10 Delisted — HGMLS
• 2010-02-23 Listed $36,000 HGMLS

Property tax history

+6.3%/yr

Latest (2025): $7,891 · +1.4% YoY. Source: county tax records.