BEDS6
BATHS2 full
MLS#1057105
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNewburgh
Property Description
Why dream of a multi-million dollar brownstone in Brooklyn or Queens when you can own a magnificent piece of classic American architecture for a fraction of the cost? Welcome to 87 City Terrace, a spectacular brick multi-family property that perfectly balances turn-of-the-century grandeur with modern features. This is the ultimate opportunity for an owner-occupant looking to build equity, establish roots, and let their property pay for itself.From the curb, the estate commands attention. The striking exterior boasts a commanding brick facade, a stately rounded bay elevation, and deeply handsomely carved architectural corbels at the roofline-features that evoke the timeless elegance of New York City's most historic and coveted neighborhoods.Step inside, and the home's rich heritage unfolds. The spacious, sun-drenched interiors are anchored by breathtaking, newly refinished original oak hardwood floors that radiate a warm, deep amber glow. A magnificent focal point awaits in the parlor: a stunning, historic fireplace mantel complete with an original mirrored overmantel, intricately carved columns, and beautifully preserved multi-tonal glaze tiles. Expansive, deep-set windows-including the magnificent curved bay window alcoves-flood the rooms with natural light, illuminating the robust, thick historic baseboards and window casings that you simply cannot replicate in modern construction.For the visionary buyer, this property offers a brilliant, time-tested wealth-building strategy: live luxuriously in one unit while leasing the other. The rental income from your tenant can substantially offset, or entirely cover, your monthly mortgage payment, giving you unparalleled financial freedom while living in a historic gem.Perfectly situated in a stable, established pocket of Newburgh, you are just a short stroll from the rolling green hills and historic design of the famed Downing Park. Enjoy a vibrant local community, scenic river views, and an emerging culinary scene just minutes from your front door. Skip the bidding wars of the outer boroughs and secure an architecturally significant home that offers a lifestyle of character, comfort, and financial freedom. 87 City Terrace isn't just an investment in real estate-it's an investment in your future.Schedule your private tour today and step into a piece of living history.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Baseboard, Natural Gas
Lot Size: 0.06 Acres
Taxes: $10,566
Year Built: 1890
Amenities
First Floor Bedroom
First Floor Full Bath
Original Details
Feature Descriptions
Building Area Total: 2222
Days on Site: 1
Exterior: Brick, Frame
Heating Units: 2
Heating Zones: 2
On Market Date: 2026-10-01
Parcel Number: 331100-022-000-0002-021.000-0000
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 2
Sewer: Public Sewer
Tenant Pays: Electricity, Gas, Heat
Units: 2
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Newburgh Free Academy
Middle School: Newburgh
Elementary School: Newburgh
School District: Newburgh
Estimate Your Payment
Estimated Payment
$ 3,952.91 per month $2,904.86 Principal & Interest $880.50 Property Tax $167.56 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Your Move Matters LLC
Agency Phone: 845-926-6400
Shown By
Agent Name: Satyabrata Mukherjee
Agent Phone:
Agency Title: Coldwell Banker American Homes
Satyabrata Mukherjee
Email: Contact
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87 City Terrace | MLS# 1057105
This multi-family property located at 87 City Terrace , Newburgh, NY 12550 is currently listed for sale with an asking price of $574,475. City Terrace is located within the Newburgh school district. Search Newburgh real estate on smukherjee.cbamhomes.com today.