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Updated about 3 years ago on . Most recent reply

Jon Fletcher's profile image
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Jon Fletcher
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Jon Fletcher's profile image
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Jon Fletcher
  • Member since Aug 15, 2021
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Jon Fletcher
56
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173
Posts
Upstate New York Real Estate Forum

Newburgh, NY Cap Rates

Jon Fletcher
Posted

What kind of cap rates are people seeing in Newburgh, NY today? Back in 2019 it was about 9% or 10%. Now it seems seriously compressed to as low as 6%. I'm not sure if this is what things are actually trading at, or just what Sellers are looking for. What are your thoughts?

Upstate New York, New York
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Bill O'Donnell
  • Rental Property Investor
  • from Newburgh, NY
  • Member since Feb 7, 2018
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Bill O'Donnell's profile image
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Bill O'Donnell
  • Rental Property Investor
  • from Newburgh, NY
  • Member since Feb 7, 2018
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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
117
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160
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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
Replied

@Jon Fletcher

I have 2 sfr in Newburgh.

Things are tighter than in 2019,but that seems to be true all through the Hudson valley.

Newburgh, as always,is block by block.

Long term it looks like a good investment, but I would buy again on the next pullback. Either that or start beating the bushes and hope for a decent off market deal.

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