150 William Street

Description

150 William Street & 144 William Street, Newburgh, NY – offered together as a prime corner lot development opportunity in the heart of the City of Newburgh. This combined site provides approximately 6,280 sq ft of land across two contiguous parcels, creating an ideal footprint for redevelopment. A feasibility concept study has been completed for a 4-unit multifamily building, each unit designed as a spacious 2-bedroom/1-bath (~1,800 sq ft), with potential for 3–4 off-street parking spaces along the side/rear of the property. The vision for William Street Residences is a modern urban infill project that not only maximizes the efficiency of the lot but also blends seamlessly into the existing streetscape. The design reflects Newburgh’s historic brick architecture while providing contemporary, open-plan interiors that today’s renters demand. Each apartment concept features sunlit living areas, full kitchens with islands, spacious bedrooms, and modern conveniences such as in-unit laundry. Newburgh’s rental market continues to strengthen as revitalization spreads across the city. With its corner lot visibility, off-street parking potential, and proximity to neighborhood amenities, this property is ideally positioned to capture that momentum. The concept shows how this site can be transformed into a high-demand, income-producing multifamily asset, offering investors the chance to unlock both long-term value and reliable cash flow. The 4-unit design is conceptual only and has not been submitted to or approved by the City of Newburgh Planning or Zoning Board. Buyer must perform their own due diligence regarding zoning, permitting, and approvals. Keller Williams Hudson Valley United makes no representation as to approvals. Owner Financing Availability The seller is open to offering owner financing for qualified buyers on this development opportunity. A substantial down payment will be required, with remaining terms to be negotiated. This structure allows an investor or developer to move forward with site acquisition while preserving capital for planning, approvals, and construction.