Rental Comps - Newburgh, NY

Goals

To compare rent for commercial and residential spaces close to 32 Chambers St, Newburgh, NY 12550, before the pandemic and in the COVID-19 era.

Early Findings

  • According to Trulia, 32 Chambers St, Newburgh, NY 12550, is a three story building with "1200 square feet on floor 3 and 2 and an additional 2600 square feet on the first floor."
  • The building is currently divided into five sections and is being used for professional and industrial purposes. It costs $399,000 per Coldwell Banker.

RESIDENTIAL COMPS

Studio

One Bedroom

  • The rent for a 750 sqft one bed, one bath apartment in the neighborhood is $1,100 a month.
  • The rent for a 960 sqft one bed, one bath apartment in Newburgh, NY is $1,300 per month.

Two Bedroom

COMMERCIAL

SUMMARY

  • Within an initial hour of research, we were able to outline a list of some residential and commercial rentals in the area.
  • Please note that this hour of research focused on current rentals. There was not enough time to cover pre-COVID era rentals in the neighborhood.

Proposed next steps:

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